Q1 EPS Forecast for Extra Space Storage Increased by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Investment analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Extra Space Storage in a note issued to investors on Monday, February 10th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $1.99 per share for the quarter, up from their previous forecast of $1.97. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share.

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

Extra Space Storage Price Performance

EXR opened at $155.90 on Thursday. Extra Space Storage has a 12-month low of $131.02 and a 12-month high of $184.87. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $152.46 and its 200-day simple moving average is $164.05. The company has a market capitalization of $33.05 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 7.77 and a beta of 0.91.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage 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 transaction, the chief executive officer now directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.36% of the stock is owned by company insiders.

Institutional Trading of Extra Space Storage

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at approximately $25,000. Harbour Investments Inc. boosted its stake in shares of Extra Space Storage by 90.9% in the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Extra Space Storage in the third quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Extra Space Storage in the third quarter worth approximately $42,000. Finally, Continuum Advisory LLC boosted its stake in shares of Extra Space Storage by 68.1% in the third quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 126 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

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.