Q1 EPS Estimate for Extra Space Storage Lifted by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Extra Space Storage in a report issued on Monday, February 10th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $1.99 for the quarter, up from their prior estimate of $1.97. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share.

A number of other equities research analysts also recently commented on EXR. Scotiabank upgraded Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 target price on the stock in a research report on Friday, January 10th. Truist Financial boosted their price objective on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company reissued an “equal weight” rating and set a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Finally, Barclays lowered their price objective on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $174.00.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $155.90 on Thursday. Extra Space Storage has a one year low of $131.02 and a one year high of $184.87. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 7.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50 day moving average price is $152.46 and its 200 day moving average price is $164.05.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now directly owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.36% of the company’s stock.

Institutional Trading of Extra Space Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Extra Space Storage during the 4th quarter worth approximately $25,000. Harbour Investments Inc. raised its stake in shares of Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $42,000. Finally, Quent Capital LLC raised its stake in shares of Extra Space Storage by 89.0% during the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 154 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.