Extra Space Storage Inc. (NYSE:EXR) Expected to Earn Q1 2025 Earnings of $2.05 Per Share

Extra Space Storage Inc. (NYSE:EXR) – Investment analysts at KeyCorp issued their Q1 2025 earnings per share (EPS) estimates for shares of Extra Space Storage in a research note issued on Sunday, September 8th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will post earnings per share of $2.05 for the quarter. KeyCorp has a “Overweight” rating and a $178.00 price objective on the stock. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.07 per share. KeyCorp also issued estimates for Extra Space Storage’s Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $2.15 EPS and Q4 2025 earnings at $2.16 EPS.

EXR has been the topic of a number of other reports. Raymond James boosted their target price on shares of Extra Space Storage from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Scotiabank upped their price objective on Extra Space Storage from $159.00 to $169.00 and gave the company a “sector underperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada initiated coverage on Extra Space Storage in a research report on Tuesday. They set a “sector perform” rating and a $180.00 target price on the stock. Wells Fargo & Company raised their price target on Extra Space Storage from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Barclays lifted their price objective on shares of Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average price target of $168.36.

Extra Space Storage Trading Down 0.8 %

Shares of EXR opened at $176.02 on Tuesday. The stock has a market capitalization of $37.27 billion, a PE ratio of 39.20, a P/E/G ratio of 2.53 and a beta of 0.86. The company’s fifty day moving average is $166.77 and its 200 day moving average is $152.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.20 and a current ratio of 0.20. Extra Space Storage has a fifty-two week low of $101.19 and a fifty-two week high of $179.23.

Hedge Funds Weigh In On Extra Space Storage

Several hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Extra Space Storage during the 4th quarter worth approximately $3,304,000. State of Tennessee Treasury Department increased its position in shares of Extra Space Storage by 252.1% in the 4th quarter. State of Tennessee Treasury Department now owns 114,819 shares of the real estate investment trust’s stock valued at $18,409,000 after acquiring an additional 82,207 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Extra Space Storage by 19.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 247,203 shares of the real estate investment trust’s stock worth $36,307,000 after acquiring an additional 40,055 shares during the last quarter. Norden Group LLC acquired a new stake in Extra Space Storage during the 1st quarter worth about $1,947,000. Finally, Gateway Investment Advisers LLC purchased a new stake in Extra Space Storage during the 2nd quarter valued at about $16,026,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP William N. Springer sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total value of $350,660.00. Following the completion of the transaction, the executive vice president now directly owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP William N. Springer sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total transaction of $350,660.00. Following the completion of the transaction, the executive vice president now owns 11,919 shares in the company, valued at approximately $2,089,758.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $177.01, for a total transaction of $499,699.23. Following the completion of the sale, the executive vice president now owns 32,855 shares of the company’s stock, valued at $5,815,663.55. The disclosure for this sale can be found here. Insiders sold a total of 12,323 shares of company stock worth $1,994,709 over the last 90 days. Company insiders own 1.36% of the company’s stock.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Monday, September 16th. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

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.