NYSE:EXR - Extra Space Storage Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $144.64
Forecasted Upside: -12.22 %
Number of Analysts: 14
Breakdown:
1 Sell Ratings
2 Hold Ratings
11 Buy Ratings
0 Strong Buy Ratings

^$164.78 As of 06/23/2021 01:00 AM ET

▲ +1.85 (1.14%)

1 month | 3 months | 12 months

Get New Extra Space Storage Analyst Ratings Delivered To Your Inbox

Sign-up to receive the latest news and ratings for EXR and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for EXR

^$144.64

▼ -12.22% Downside Potential

This price target is based on 14 analysts offering 12 month price targets for Extra Space Storage in the last 3 months. The average price target is $144.64, with a high forecast of $189.00 and a low forecast of $111.00. The average price target represents a -12.22% upside from the last price of $164.78.

Current Consensus is Buy

The current consensus among 14 contributing investment analysts is to buy stock in Extra Space Storage. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
3 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

12/31/2019

0 strong buy ratings
3 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

3/30/2020

0 strong buy ratings
6 buy ratings
4 hold ratings
2 sell ratings

Ratings as of

6/28/2020

0 strong buy ratings
7 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

9/26/2020

0 strong buy ratings
7 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

12/25/2020

0 strong buy ratings
8 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

3/25/2021

0 strong buy ratings
9 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

5/24/2021

0 strong buy ratings
11 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

6/23/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
6/21/2021	Truist Securities	Boost Price Target	Buy	$150.00 ➝ $168.00	Medium
6/18/2021	KeyCorp	Boost Price Target	Average ➝ Overweight	$152.00 ➝ $170.00	High
6/14/2021	Wolfe Research	Initiated Coverage	Outperform	$189.00	Low
6/3/2021	UBS Group	Initiated Coverage	Buy	$168.00	Low
5/28/2021	Wells Fargo & Company	Boost Price Target	Overweight	$147.00 ➝ $160.00	High
5/26/2021	Morgan Stanley	Boost Price Target	Underweight	$122.00 ➝ $134.00	Low
5/20/2021	BMO Capital Markets	Reiterated Rating	Outperform ➝ Market Perform	$160.00	Medium
5/20/2021	KeyCorp	Boost Price Target	Overweight	$142.00 ➝ $152.00	Medium
5/17/2021	Truist Securities	Boost Price Target	Buy	$137.00 ➝ $150.00	Low
5/17/2021	Truist	Boost Price Target	Buy	$137.00 ➝ $150.00	Medium
5/14/2021	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$149.08 ➝ $160.00	Medium
3/30/2021	KeyCorp	Boost Price Target	Overweight	$134.00 ➝ $142.00	Low
3/29/2021	Wells Fargo & Company	Boost Price Target	Positive ➝ Overweight	$125.00 ➝ $147.00	Low
3/12/2021	Morgan Stanley	Boost Price Target	Underweight	$107.00 ➝ $122.00	Medium
3/5/2021	Truist	Boost Price Target		$125.00 ➝ $137.00	Low
3/2/2021	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$122.00 ➝ $145.00	Low
2/24/2021	KeyCorp	Boost Price Target	Overweight	$124.00 ➝ $134.00	Low
2/4/2021	Raymond James	Upgrade	Market Perform ➝ Outperform	$125.00 ➝ $125.00	Low
1/22/2021	Truist	Upgrade	Hold ➝ Buy	$125.00	Medium
12/31/2020	Truist	Boost Price Target		$105.00 ➝ $125.00	N/A
12/21/2020	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$124.00	Low
12/9/2020	Morgan Stanley	Boost Price Target	Positive ➝ Underweight	$94.00 ➝ $107.00	Low
11/13/2020	KeyCorp	Upgrade	Sector Weight ➝ Overweight	$124.00	Medium
10/13/2020	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$121.00 ➝ $135.00	High
10/6/2020	Raymond James	Upgrade	Underperform ➝ Market Perform		Medium
9/21/2020	Morgan Stanley	Boost Price Target	Underweight	$83.00 ➝ $94.00	Medium
9/21/2020	Citigroup	Downgrade	Buy ➝ Neutral	$105.00 ➝ $112.00	Low
9/1/2020	KeyCorp	Upgrade	Underweight ➝ Sector Weight		Low
8/11/2020	Jefferies Financial Group	Reiterated Rating	Hold	$93.00	Medium
8/6/2020	Stifel Nicolaus	Boost Price Target	Buy	$113.00 ➝ $119.00	Low
7/21/2020	BMO Capital Markets	Initiated Coverage	Hold	$106.00	Low
7/8/2020	Morgan Stanley	Boost Price Target	Underweight	$68.00 ➝ $83.00	Medium
6/30/2020	Citigroup	Boost Price Target	Buy	$100.00 ➝ $105.00	High
6/26/2020	The Goldman Sachs Group	Initiated Coverage	Buy	$111.00	High
6/22/2020	Wells Fargo & Company	Lower Price Target	Overweight	$101.00 ➝ $100.00	Low
6/4/2020	Stifel Nicolaus	Boost Price Target	Buy	$94.00 ➝ $113.00	Low
4/28/2020	Morgan Stanley	Lower Price Target	Underweight	$94.00 ➝ $68.00	Medium
4/19/2020	Raymond James	Downgrade	Market Perform ➝ Underperform		High
4/17/2020	SunTrust Banks	Lower Price Target	Hold	$114.00 ➝ $102.00	Low
4/17/2020	KeyCorp	Downgrade	Sector Weight ➝ Underweight	$82.00	Medium
4/8/2020	Raymond James	Downgrade	Market Perform ➝ Underperform		Low
4/7/2020	Citigroup	Upgrade	Neutral ➝ Buy	$119.00	Medium
4/2/2020	Wells Fargo & Company	Lower Price Target	Overweight	$117.00 ➝ $101.00	Medium
3/31/2020	JPMorgan Chase & Co.	Lower Price Target	Neutral	$115.00 ➝ $105.00	Low
3/24/2020	Stifel Nicolaus	Lower Price Target	Buy	$131.00 ➝ $83.00	Medium
2/19/2020	Evercore ISI	Reiterated Rating	Sell		High
2/19/2020	BMO Capital Markets	Reiterated Rating	Hold	$106.00	High
1/22/2020	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$115.00	High
12/18/2019	Wells Fargo & Company	Lower Price Target	Overweight	$130.00 ➝ $117.00	Low
12/17/2019	Morgan Stanley	Lower Price Target	Underweight	$105.00 ➝ $94.00	Low
12/9/2019	Wells Fargo & Company	Reiterated Rating	Buy		Low
9/16/2019	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$93.00 ➝ $105.00	High
9/11/2019	Citigroup	Boost Price Target	Neutral	$103.00 ➝ $119.00	Low
8/22/2019	Wells Fargo & Company	Boost Price Target	Outperform	$114.00 ➝ $130.00	Low
8/21/2019	Robert W. Baird	Set Price Target	Hold	$121.00	Low
8/19/2019	Stifel Nicolaus	Initiated Coverage	Buy	$131.00	Low
5/1/2019	BMO Capital Markets	Reiterated Rating	Hold	$94.00	High
4/1/2019	Evercore ISI	Downgrade	In-Line ➝ Underperform		Low
3/21/2019	Raymond James	Downgrade	Outperform ➝ Market Perform	$99.27	Low
10/5/2018	Citigroup	Lower Price Target	Neutral ➝ Hold	$103.00 ➝ $92.00	Low
8/8/2018	SunTrust Banks	Reiterated Rating	Hold	$93.00	Low
7/31/2018	BMO Capital Markets	Set Price Target	Hold	$93.00	Medium
7/18/2018	Robert W. Baird	Downgrade	Outperform ➝ Neutral	$83.00	Low
7/18/2018	Jefferies Financial Group	Reiterated Rating	Hold	$104.00	Low
7/16/2018	Bank of America	Boost Price Target	Buy ➝ Buy	$107.00 ➝ $110.00	High
7/12/2018	Citigroup	Boost Price Target	Neutral ➝ Neutral	$87.00 ➝ $103.00	Low
7/12/2018	The Goldman Sachs Group	Downgrade	Conviction-Buy ➝ Buy		Low
6/18/2018	Wells Fargo & Company	Boost Price Target	Outperform	$99.00 ➝ $104.00	Low
6/14/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$83.00 ➝ $90.00	Low
5/22/2018	Wells Fargo & Company	Set Price Target	Buy	$93.00 ➝ $99.00	Low
5/8/2018	Bank of America	Upgrade	Neutral ➝ Buy	$105.00	Low
5/1/2018	BMO Capital Markets	Set Price Target	Hold	$84.00	Medium
4/13/2018	SunTrust Banks	Reiterated Rating	Hold	$88.00	Medium
3/8/2018	Cantor Fitzgerald	Set Price Target	Hold	$86.00	Medium
3/6/2018	Jefferies Financial Group	Set Price Target	Hold	$92.00	Low
2/21/2018	Cantor Fitzgerald	Set Price Target	Hold	$83.00	High
2/20/2018	BMO Capital Markets	Set Price Target	Hold	$78.00	High
12/13/2017	Morgan Stanley	Upgrade	Underweight ➝ Equal Weight	$83.00	Low
11/30/2017	Wells Fargo & Company	Set Price Target	Buy	$83.00 ➝ $93.00	Low
11/29/2017	Robert W. Baird	Reiterated Rating	Buy	$92.00	Low
11/28/2017	Jefferies Financial Group	Set Price Target	Hold	$90.00	Low
11/14/2017	Royal Bank of Canada	Boost Price Target	Sector Perform ➝ Sector Perform	$79.00 ➝ $84.00	N/A
11/9/2017	Cantor Fitzgerald	Boost Price Target	Neutral	$77.00 ➝ $81.00	N/A
11/2/2017	BMO Capital Markets	Reiterated Rating	Hold	$78.00	N/A
11/1/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$77.00	N/A
10/24/2017	Jefferies Financial Group	Reiterated Rating	Hold	$80.00	N/A
10/11/2017	KeyCorp	Reiterated Rating	Hold		N/A
9/14/2017	Evercore ISI	Reiterated Rating	In-Line	$78.00 ➝ $80.00	Low
9/11/2017	BMO Capital Markets	Initiated Coverage	Market Perform	$78.00	Medium
9/1/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$77.00	Low
8/25/2017	KeyCorp	Reiterated Rating	Buy	$82.00	Low
8/20/2017	Cantor Fitzgerald	Reiterated Rating	Hold	$77.00	Low
7/20/2017	Bank of America	Downgrade	Buy ➝ Neutral	$83.00 ➝ $81.00	Low
5/22/2017	Cantor Fitzgerald	Reiterated Rating	Neutral	$77.00	Low
5/15/2017	The Goldman Sachs Group	Upgrade	Buy ➝ Conviction-Buy	$95.00	Low
5/11/2017	Citigroup	Reiterated Rating	Neutral		Medium
4/27/2017	Royal Bank of Canada	Reiterated Rating	Hold	$80.00	High
4/3/2017	Jefferies Financial Group	Reiterated Rating	Hold	$80.00	High
3/22/2017	BMO Capital Markets	Reiterated Rating	Hold	$80.00	Low
3/3/2017	Evercore ISI	Downgrade	Hold ➝ Underperform		N/A
2/22/2017	Cantor Fitzgerald	Reiterated Rating	Neutral	$76.00	N/A
1/3/2017	Royal Bank of Canada	Downgrade	Outperform ➝ Sector Perform	$79.00	N/A
12/20/2016	Jefferies Financial Group	Downgrade	Buy ➝ Hold	$80.00	N/A
12/12/2016	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight		N/A
11/9/2016	BMO Capital Markets	Reiterated Rating	Hold	$80.00	N/A
9/12/2016	KeyCorp	Lower Price Target	Overweight	$98.00 ➝ $89.00	N/A
8/26/2016	Cantor Fitzgerald	Reiterated Rating	Hold		N/A
8/12/2016	Raymond James	Downgrade	Strong-Buy ➝ Outperform	$95.00 ➝ $106.00	N/A
8/10/2016	Jefferies Financial Group	Lower Price Target	Buy	$115.00 ➝ $105.00	N/A
7/29/2016	DA Davidson	Boost Price Target	Neutral	$90.00 ➝ $95.00	N/A
7/28/2016	UBS Group	Reiterated Rating	Hold	$85.00	N/A
7/25/2016	SunTrust Banks	Downgrade	Buy ➝ Neutral	$107.00 ➝ $100.00	N/A
7/6/2016	Jefferies Financial Group	Reiterated Rating	Buy		N/A
6/24/2016	DA Davidson	Initiated Coverage	Neutral	$95.00	N/A

(Data available from 6/23/2016 forward)

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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.

Today's Range

Now: $164.78

$162.07

$165.19

50 Day Range

MA: $150.42

$141.80

$164.78

52 Week Range

Now: $164.78

$88.88

$165.19

Volume

654,893 shs

Average Volume

769,153 shs

Market Capitalization

$22.04 billion

P/E Ratio

37.45

Dividend Yield

2.46%

Beta

0.17

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: BMO Capital Markets, Citigroup Inc., Jefferies Financial Group Inc., JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Raymond James, Stifel Nicolaus, The Goldman Sachs Group, Inc., Truist, Truist Securities, UBS Group AG, Wells Fargo & Company, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for EXR.

What is the current price target for Extra Space Storage?

14 Wall Street analysts have set twelve-month price targets for Extra Space Storage in the last year. Their average twelve-month price target is $144.64, suggesting a possible downside of 12.2%. Wolfe Research has the highest price target set, predicting EXR will reach $189.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $111.00 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, 2 hold ratings and 11 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe EXR will outperform the market and that investors should add to their positions of Extra Space Storage.
View the latest ratings for EXR.

What other companies compete with Extra Space Storage?

Other companies that are similar to Extra Space Storage include American Tower, Public Storage, Welltower, Weyerhaeuser, Ventas, Medical Properties Trust, CubeSmart, Omega Healthcare Investors, Life Storage, Rayonier, Ryman Hospitality Properties, Healthcare Realty Trust, EPR Properties, Sabra Health Care REIT and PotlatchDeltic.

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.