Zacks Research Issues Optimistic Estimate for EXR Earnings

Extra Space Storage Inc. (NYSE:EXR) – Research analysts at Zacks Research boosted their Q2 2025 earnings per share (EPS) estimates for Extra Space Storage in a research report issued to clients and investors on Monday, February 10th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $2.10 per share for the quarter, up from their prior forecast of $2.08. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share. Zacks Research also issued estimates for Extra Space Storage’s Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $8.32 EPS, Q1 2026 earnings at $2.13 EPS, Q2 2026 earnings at $2.17 EPS, Q3 2026 earnings at $2.19 EPS, Q4 2026 earnings at $2.16 EPS and FY2026 earnings at $8.65 EPS.

EXR has been the subject of several other research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $175.00 price target on shares of Extra Space Storage in a report on Monday, October 21st. Truist Financial increased their price target on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Barclays cut their price target on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Scotiabank raised Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target for the company in a report on Friday, January 10th. Finally, StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $174.00.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock opened at $155.90 on Wednesday. The business has a 50 day simple moving average of $152.46 and a two-hundred day simple moving average of $164.05. Extra Space Storage has a 12 month low of $131.02 and a 12 month high of $184.87. The stock has a market capitalization of $33.05 billion, a P/E 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 current ratio of 0.23 and a quick ratio of 0.23.

Insider Buying and Selling

In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 16,690 shares in the company, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EXR. Norges Bank purchased a new position in shares of Extra Space Storage during the fourth quarter worth $938,647,000. Pathway Financial Advisers LLC boosted its position in shares of Extra Space Storage by 17,832.9% during the third quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust’s stock worth $363,783,000 after buying an additional 2,007,626 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Extra Space Storage by 724.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust’s stock worth $357,100,000 after buying an additional 1,741,320 shares during the period. Manning & Napier Advisors LLC boosted its position in shares of Extra Space Storage by 1,127.2% during the fourth quarter. Manning & Napier Advisors LLC now owns 781,986 shares of the real estate investment trust’s stock worth $116,985,000 after buying an additional 718,266 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Extra Space Storage by 91.2% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,089,753 shares of the real estate investment trust’s stock worth $163,027,000 after buying an additional 519,934 shares during the period. 99.11% of the stock is currently 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.