Q1 EPS Forecast for Extra Space Storage Decreased by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Investment analysts at KeyCorp reduced their Q1 2025 earnings per share (EPS) estimates for shares of Extra Space Storage in a note issued to investors on Wednesday, March 5th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings of $2.00 per share for the quarter, down from their previous forecast of $2.05. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share. KeyCorp also issued estimates for Extra Space Storage’s Q2 2025 earnings at $2.05 EPS, Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $2.05 EPS, FY2025 earnings at $8.13 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.12 EPS, Q3 2026 earnings at $2.13 EPS, Q4 2026 earnings at $2.11 EPS and FY2026 earnings at $8.40 EPS.

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

A number of other analysts also recently issued reports on the company. Royal Bank of Canada decreased their price target on Extra Space Storage from $167.00 to $163.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Scotiabank reduced their target price on Extra Space Storage from $167.00 to $165.00 and set a “sector perform” rating for the company in a report on Wednesday. StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday. Barclays reduced their target price 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. Finally, Truist Financial boosted their target price on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $171.36.

Extra Space Storage Stock Up 1.3 %

Shares of NYSE EXR opened at $157.11 on Friday. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 7.76 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. The business has a 50-day moving average of $152.91 and a two-hundred day moving average of $163.07. Extra Space Storage has a 1 year low of $131.02 and a 1 year high of $184.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EXR. Graypoint LLC increased its holdings in Extra Space Storage by 4.3% in the 3rd quarter. Graypoint LLC now owns 1,575 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 65 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Extra Space Storage by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust’s stock valued at $2,717,000 after purchasing an additional 66 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Extra Space Storage by 1.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 68 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Extra Space Storage by 14.9% in the 4th quarter. Lindbrook Capital LLC now owns 523 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 68 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in Extra Space Storage by 4.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 68 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $152.66, for a total value of $186,245.20. Following the sale, the executive vice president now owns 20,158 shares in the company, valued at $3,077,320.28. This represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $1,110,075.00. Following the completion of the sale, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. This represents a 31.00 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, March 14th. Extra Space Storage’s payout ratio is 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.