Q1 EPS Forecast for Extra Space Storage Lowered by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Analysts at Zacks Research dropped their Q1 2025 EPS estimates for shares of Extra Space Storage in a report released on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $1.95 per share for the quarter, down from their prior estimate of $1.99. 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 Q2 2025 earnings at $2.06 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.04 EPS, FY2025 earnings at $8.09 EPS, Q1 2026 earnings at $2.06 EPS, Q2 2026 earnings at $2.16 EPS, Q3 2026 earnings at $2.14 EPS, Q4 2026 earnings at $2.12 EPS and FY2026 earnings at $8.49 EPS.

Several other research firms have also commented on EXR. Wells Fargo & Company cut their target price on shares of Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Barclays cut their target price on shares of Extra Space Storage from $184.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Truist Financial increased their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Royal Bank of Canada reduced their price target on shares of Extra Space Storage from $167.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Finally, Scotiabank reduced their price target on shares of Extra Space Storage from $167.00 to $165.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and an average price target of $171.09.

Extra Space Storage Stock Performance

Shares of EXR opened at $143.92 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s 50 day moving average is $152.76 and its 200-day moving average is $161.15. 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 $30.51 billion, a P/E ratio of 37.67, a P/E/G ratio of 7.76 and a beta of 0.90.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.93. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The company had revenue of $821.90 million for the quarter, compared to the consensus estimate of $707.34 million.

Institutional Investors Weigh In On Extra Space Storage

Several institutional investors and hedge funds have recently modified their holdings of EXR. Golden State Wealth Management LLC acquired a new position in Extra Space Storage during the 4th quarter worth $25,000. Harbour Investments Inc. raised its position in shares of Extra Space Storage by 90.9% during the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Extra Space Storage during the third quarter valued at about $42,000. Quent Capital LLC raised its position in shares of Extra Space Storage by 89.0% during the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 154 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Extra Space Storage during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Activity

In related news, Director Joseph J. Bonner sold 672 shares of Extra Space Storage stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $149.10, for a total value of $100,195.20. Following the completion of the sale, the director now owns 4,557 shares of the company’s stock, valued at approximately $679,448.70. The trade was a 12.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Thursday, January 2nd. The shares were 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 approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,392 shares of company stock worth $1,396,515 in the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Friday, March 14th. Extra Space Storage’s dividend payout ratio is currently 160.40%.

About Extra Space Storage

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.