Forecasting The Future: 10 Analyst Projections For Extra Space Storage
Extra Space Storage (NYSE:EXR) has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Extra Space Storage, presenting an average target of $146.6, a high estimate of $153.00, and a low estimate of $137.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.59%.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of Extra Space Storage by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brad Heffern | RBC Capital | Raises | Sector Perform | $153.00 | $142.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $150.00 | $147.00 |
| Eric Luebchow | Wells Fargo | Lowers | Overweight | $150.00 | $160.00 |
| Michael Lewis | Truist Securities | Raises | Hold | $146.00 | $142.00 |
| Ravi Vaidya | Mizuho | Raises | Outperform | $143.00 | $137.00 |
| Michael Goldsmith | UBS | Lowers | Buy | $148.00 | $156.00 |
| Nicholas Yulico | Scotiabank | Lowers | Sector Perform | $145.00 | $162.00 |
| Michael Lewis | Truist Securities | Lowers | Hold | $142.00 | $150.00 |
| Ravi Vaidya | Mizuho | Lowers | Outperform | $137.00 | $154.00 |
| Ronald Kamdem | Morgan Stanley | Lowers | Equal-Weight | $152.00 | $155.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Extra Space Storage. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Extra Space Storage compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Extra Space Storage's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Extra Space Storage analyst ratings.
Unveiling the Story Behind Extra Space Storage
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 4,000 self-storage properties in 42 states, with over 300 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
Key Indicators: Extra Space Storage's Financial Health
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Extra Space Storage's remarkable performance in 3M is evident. As of 30 September, 2025, the company achieved an impressive revenue growth rate of 4.08%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 19.29%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Extra Space Storage's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.21%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Extra Space Storage's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.57%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 1.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.