Extra Space Storage Receives Overweight Rating with $151 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Jan 26
Source: Yahoo Finance
Extra Space Storage (EXR) has seen a price increase of 3.00% as it reaches a 20-day high, despite the broader market decline with Nasdaq-100 down 1.25% and S&P 500 down 0.67%.
The stock's rise is attributed to an overweight rating from analysts, who have set a price target of $151, reflecting confidence in EXR's growth potential in the self-storage industry. This positive outlook is expected to attract more investor attention and enhance the company's market value.
The favorable rating may bolster investor confidence, promoting capital inflow and further driving up EXR's stock price, which could support the company's future expansion and investment strategies.
Analyst Views on EXR
Wall Street analysts forecast EXR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXR is 152.00 USD with a low forecast of 142.00 USD and a high forecast of 178.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 137.160
Low
142.00
Averages
152.00
High
178.00
Current: 137.160
Low
142.00
Averages
152.00
High
178.00
About EXR
Extra Space Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, provides lending to, acquires, develops and redevelops self-storage properties (stores). Its stores offer month-to-month rental of storage space for personal or business use. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations segment includes rental operations of wholly owned stores. Its tenant reinsurance segment includes the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company owns and operates 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. It offers customers a selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
