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Extra Space Storage - EXR Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $148.75
  • Forecasted Upside: 25.18%
  • Number of Analysts: 10
  • Breakdown:
  • 1 Sell Ratings
  • 5 Hold Ratings
  • 3 Buy Ratings
  • 1 Strong Buy Ratings
$118.83 As of 10/3/2023 10:57 AM ET
▼ -0.44 (-0.37%)

This chart shows the closing price for EXR by one month, three months, or twelve months.

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Analyst Price Target for EXR

Analyst Price Target is $148.75
▲ +25.18% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Extra Space Storage in the last 3 months. The average price target is $148.75, with a high forecast of $172.00 and a low forecast of $115.00. The average price target represents a 25.18% upside from the last price of $118.83.

This chart shows the closing price for EXR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 10 polled investment analysts is to hold stock in Extra Space Storage. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
4/10/2022
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
7/9/2022
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
10/7/2022
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
1/5/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
4/5/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
7/4/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
9/2/2023
  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
10/2/2023

Latest Recommendations

  • 1 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/27/2023The Goldman Sachs GroupInitiated CoverageBuy ➝ Buy$153.00Low
9/21/2023Morgan StanleyLower TargetUnderweight ➝ Underweight$145.00 ➝ $115.00Low
9/15/2023Evercore ISILower TargetIn-Line ➝ In-Line$147.00 ➝ $145.00Low
9/13/2023CitigroupLower TargetNeutral ➝ Neutral$160.00 ➝ $135.00Low
8/31/2023Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$185.00 ➝ $165.00Low
8/29/2023Truist FinancialLower TargetHold ➝ Hold$155.00 ➝ $138.00Low
6/15/2023Truist FinancialLower Target$165.00 ➝ $155.00Low
6/12/2023Evercore ISIUpgradeUnderperform ➝ Outperform$164.00Low
5/8/2023Bank of AmericaInitiated CoverageBuyLow
4/5/2023KeyCorpLower TargetOverweight$190.00 ➝ $172.00Low
4/4/2023Raymond JamesUpgradeOutperform ➝ Strong-Buy$185.00Low
3/8/2023Truist FinancialBoost TargetHold$160.00 ➝ $165.00Low
1/18/2023Wolfe ResearchDowngradeOutperform ➝ Peer PerformLow
1/17/2023Truist FinancialDowngradeBuy ➝ Hold$175.00 ➝ $160.00Low
1/9/2023Raymond JamesUpgradeMarket Perform ➝ Outperform$170.00Low
12/16/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$177.00 ➝ $167.00Low
12/14/2022Morgan StanleyLower TargetUnderweight$153.00 ➝ $145.00Low
12/12/2022CitigroupLower TargetNeutral$175.00 ➝ $170.00Low
12/5/2022Truist FinancialLower Target$225.00 ➝ $175.00Low
11/30/2022KeyCorpLower TargetOverweight$220.00 ➝ $190.00Low
11/21/2022Evercore ISIDowngradeIn-Line ➝ Underperform$162.00 ➝ $150.00Low
10/13/2022Morgan StanleyLower TargetUnderweight$156.00 ➝ $153.00Low
9/27/2022Evercore ISILower TargetIn-Line$196.00 ➝ $188.00Low
9/19/2022Evercore ISILower TargetIn-Line$201.00 ➝ $196.00Low
8/22/2022CitigroupBoost Target$229.00Low
8/17/2022KeyCorpBoost TargetOverweight$200.00 ➝ $220.00Low
8/15/2022Truist FinancialBoost TargetBuy$200.00 ➝ $225.00Low
7/25/2022UBS GroupLower TargetBuy$234.00 ➝ $197.00Low
6/30/2022Jefferies Financial GroupLower TargetHold$228.00 ➝ $184.00Low
6/22/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$224.00 ➝ $193.00Low
6/20/2022Evercore ISISet Target$198.00Low
6/16/2022KeyCorpLower TargetOverweight$224.00 ➝ $200.00Low
6/1/2022Truist FinancialLower TargetBuy$225.00 ➝ $200.00Low
5/25/2022Morgan StanleyLower TargetUnderweight$172.00 ➝ $156.00High
4/4/2022JPMorgan Chase & Co.Boost TargetNeutral$220.00 ➝ $224.00High
3/2/2022Morgan StanleyLower TargetUnderweight$175.00 ➝ $172.00Low
1/18/2022Truist FinancialBoost Target$213.00 ➝ $220.00Low
1/10/2022Jefferies Financial GroupDowngradeBuy ➝ Hold$229.00 ➝ $223.00Low
12/20/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$220.00High
12/13/2021KeyCorpBoost TargetOverweight ➝ Overweight$209.00 ➝ $224.00High
12/2/2021Truist FinancialBoost TargetBuy$188.00 ➝ $213.00Low
11/30/2021Stifel NicolausBoost TargetBuy$216.00 ➝ $230.00High
11/29/2021Morgan StanleyBoost TargetUnderweight$160.00 ➝ $175.00High
11/18/2021KeyCorpBoost TargetOverweight$194.00 ➝ $209.00High
11/1/2021The Goldman Sachs GroupReiterated RatingBuy$237.00Low
10/22/2021Evercore ISIReiterated RatingHold$196.00Medium
10/13/2021Morgan StanleyBoost TargetUnderweight$157.00 ➝ $160.00Medium
10/7/2021Berenberg BankInitiated CoverageBuy$198.00Low
8/23/2021KeyCorpBoost TargetOverweight$180.00 ➝ $194.00Low
8/16/2021Truist FinancialBoost TargetBuy$176.00 ➝ $188.00Low
8/16/2021Morgan StanleyBoost TargetUnderweight$146.00 ➝ $157.00High
8/10/2021Raymond JamesDowngradeOutperform ➝ Market PerformLow
7/20/2021Morgan StanleyBoost TargetUnderweight$134.00 ➝ $146.00High
7/14/2021KeyCorpBoost TargetAverage ➝ Overweight$170.00 ➝ $180.00Low
7/1/2021CitigroupBoost TargetNeutral$151.00 ➝ $175.00Medium
6/30/2021JPMorgan Chase & Co.Boost TargetOverweight$140.00 ➝ $171.00Low
6/18/2021KeyCorpBoost TargetAverage ➝ Overweight$152.00 ➝ $170.00High
6/14/2021Wolfe ResearchInitiated CoverageOutperform$189.00Low
6/3/2021UBS GroupInitiated CoverageBuy$168.00Low
5/28/2021Wells Fargo & CompanyBoost TargetOverweight$147.00 ➝ $160.00High
5/26/2021Morgan StanleyBoost TargetUnderweight$122.00 ➝ $134.00Low
5/20/2021BMO Capital MarketsReiterated RatingOutperform ➝ Market Perform$160.00Medium
5/20/2021KeyCorpBoost TargetOverweight$142.00 ➝ $152.00Medium
5/17/2021Truist FinancialBoost TargetBuy$137.00 ➝ $150.00Low
5/14/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform$149.08 ➝ $160.00Medium
3/30/2021KeyCorpBoost TargetOverweight$134.00 ➝ $142.00Low
3/29/2021Wells Fargo & CompanyBoost TargetPositive ➝ Overweight$125.00 ➝ $147.00Low
3/12/2021Morgan StanleyBoost TargetUnderweight$107.00 ➝ $122.00Medium
3/5/2021Truist FinancialBoost Target$125.00 ➝ $137.00Low
3/2/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$122.00 ➝ $145.00Low
2/24/2021KeyCorpBoost TargetOverweight$124.00 ➝ $134.00Low
2/4/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$125.00 ➝ $125.00Low
1/22/2021Truist FinancialUpgradeHold ➝ Buy$125.00Medium
12/31/2020Truist FinancialBoost Target$105.00 ➝ $125.00N/A
12/21/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$124.00Low
12/9/2020Morgan StanleyBoost TargetPositive ➝ Underweight$94.00 ➝ $107.00Low
11/13/2020KeyCorpUpgradeSector Weight ➝ Overweight$124.00Medium
10/13/2020Jefferies Financial GroupUpgradeHold ➝ Buy$121.00 ➝ $135.00High
10/6/2020Raymond JamesUpgradeUnderperform ➝ Market PerformMedium
9/21/2020Morgan StanleyBoost TargetUnderweight$83.00 ➝ $94.00Medium
9/21/2020CitigroupDowngradeBuy ➝ Neutral$105.00 ➝ $112.00Low
9/1/2020KeyCorpUpgradeUnderweight ➝ Sector WeightLow
8/11/2020Jefferies Financial GroupReiterated RatingHold$93.00Medium
8/6/2020Stifel NicolausBoost TargetBuy$113.00 ➝ $119.00Low
7/21/2020BMO Capital MarketsInitiated CoverageHold$106.00Low
7/8/2020Morgan StanleyBoost TargetUnderweight$68.00 ➝ $83.00Medium
6/30/2020CitigroupBoost TargetBuy$100.00 ➝ $105.00High
6/26/2020The Goldman Sachs GroupInitiated CoverageBuy$111.00High
6/22/2020Wells Fargo & CompanyLower TargetOverweight$101.00 ➝ $100.00Low
6/4/2020Stifel NicolausBoost TargetBuy$94.00 ➝ $113.00Low
4/28/2020Morgan StanleyLower TargetUnderweight$94.00 ➝ $68.00Medium
4/19/2020Raymond JamesDowngradeMarket Perform ➝ UnderperformHigh
4/17/2020SunTrust BanksLower TargetHold$114.00 ➝ $102.00Low
4/17/2020KeyCorpDowngradeSector Weight ➝ Underweight$82.00Medium
4/8/2020Raymond JamesDowngradeMarket Perform ➝ UnderperformLow
4/7/2020CitigroupUpgradeNeutral ➝ Buy$119.00Medium
4/2/2020Wells Fargo & CompanyLower TargetOverweight$117.00 ➝ $101.00Medium
3/31/2020JPMorgan Chase & Co.Lower TargetNeutral$115.00 ➝ $105.00Low
3/24/2020Stifel NicolausLower TargetBuy$131.00 ➝ $83.00Medium
2/19/2020Evercore ISIReiterated RatingSellHigh
2/19/2020BMO Capital MarketsReiterated RatingHold$106.00High
1/22/2020JPMorgan Chase & Co.Initiated CoverageNeutral$115.00High
12/18/2019Wells Fargo & CompanyLower TargetOverweight$130.00 ➝ $117.00Low
12/17/2019Morgan StanleyLower TargetUnderweight$105.00 ➝ $94.00Low
12/9/2019Wells Fargo & CompanyReiterated RatingBuyLow
9/16/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$93.00 ➝ $105.00High
9/11/2019CitigroupBoost TargetNeutral$103.00 ➝ $119.00Low
8/22/2019Wells Fargo & CompanyBoost TargetOutperform$114.00 ➝ $130.00Low
8/21/2019Robert W. BairdSet TargetHold$121.00Low
8/19/2019Stifel NicolausInitiated CoverageBuy$131.00Low
5/1/2019BMO Capital MarketsReiterated RatingHold$94.00High
4/1/2019Evercore ISIDowngradeIn-Line ➝ UnderperformLow
3/21/2019Raymond JamesDowngradeOutperform ➝ Market Perform$99.27Low
10/5/2018CitigroupLower TargetNeutral ➝ Hold$103.00 ➝ $92.00Low
(Data available from 10/3/2018 forward)

News Sentiment Rating

0.85 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 13 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/7/2023
  • 20 very positive mentions
  • 24 positive mentions
  • 3 negative mentions
  • 3 very negative mentions
Mentions as of
4/6/2023
  • 15 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
5/6/2023
  • 14 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/5/2023
  • 16 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/5/2023
  • 25 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/4/2023
  • 14 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
9/3/2023
  • 18 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/3/2023

Current Sentiment

  • 18 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Extra Space Storage logo
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 June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, D.C. The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space. With the completed Life Storage Merger on July 20, 2023, Extra Space currently has over 3,500 locations under the Extra Space, Life Storage and Storage Express brands, and it is the largest operator of self-storage properties in the United States. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.
Read More

Today's Range

Now: $118.83
Low: $118.13
High: $119.66

50 Day Range

MA: $129.00
Low: $119.25
High: $145.17

52 Week Range

Now: $118.83
Low: $118.13
High: $180.76

Volume

98,409 shs

Average Volume

1,481,736 shs

Market Capitalization

$25.11 billion

P/E Ratio

19.38

Dividend Yield

2.01%

Beta

0.57

Frequently Asked Questions

What sell-side analysts currently cover shares of Extra Space Storage?

The following sell-side analysts have issued reports on Extra Space Storage in the last twelve months: Bank of America Co., Citigroup Inc., Evercore ISI, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Raymond James, StockNews.com, The Goldman Sachs Group, Inc., Truist Financial Co., and Wolfe Research.
View the latest analyst ratings for EXR.

What is the current price target for Extra Space Storage?

8 Wall Street analysts have set twelve-month price targets for Extra Space Storage in the last year. Their average twelve-month price target is $148.75, suggesting a possible upside of 25.2%. KeyCorp has the highest price target set, predicting EXR will reach $172.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $115.00 for Extra Space Storage in the next year.
View the latest price targets for EXR.

What is the current consensus analyst rating for Extra Space Storage?

Extra Space Storage currently has 1 sell rating, 5 hold ratings, 3 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in EXR, but not buy more shares or sell existing shares.
View the latest ratings for EXR.

What other companies compete with Extra Space Storage?

Other companies that are similar to Extra Space Storage include Ventas, Welltower, CubeSmart, Omega Healthcare Investors and Public Storage. Learn More about companies similar to Extra Space Storage.

How do I contact Extra Space Storage's investor relations team?

Extra Space Storage's physical mailing address is 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121. The real estate investment trust's listed phone number is (801) 365-4600 and its investor relations email address is [email protected]. The official website for Extra Space Storage is www.extraspace.com. Learn More about contacing Extra Space Storage investor relations.