Investment Analysts’ Weekly Ratings Updates for Extra Space Storage (EXR)
by Sarita Garza · The Markets DailyA number of firms have modified their ratings and price targets on shares of Extra Space Storage (NYSE: EXR) recently:
- 9/1/2026 – Extra Space Storage had its price target lowered by Wells Fargo & Company from $158.00 to $157.00. They now have an “overweight” rating on the stock.
- 8/27/2026 – Extra Space Storage was upgraded by BMO Capital Markets from “market perform” to “outperform”. They now have a $170.00 price target on the stock, up from $160.00.
- 8/24/2026 – Extra Space Storage had its “market perform” rating reaffirmed by BMO Capital Markets. They now have a $160.00 price target on the stock.
- 8/18/2026 – Extra Space Storage had its price target raised by Scotiabank from $157.00 to $158.00. They now have a “sector perform” rating on the stock.
- 8/9/2026 – Extra Space Storage was upgraded by Wall Street Zen from “sell” to “hold”.
- 8/7/2026 – Extra Space Storage was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
- 8/1/2026 – Extra Space Storage was downgraded by Wall Street Zen from “hold” to “sell”.
- 7/30/2026 – Extra Space Storage had its “neutral” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $160.00 price target on the stock.
- 7/30/2026 – Extra Space Storage had its price target raised by Royal Bank Of Canada from $153.00 to $157.00. They now have a “sector perform” rating on the stock.
- 7/24/2026 – Extra Space Storage had its price target raised by Wells Fargo & Company from $154.00 to $158.00. They now have an “overweight” rating on the stock.
- 7/18/2026 – Extra Space Storage was upgraded by Wall Street Zen from “sell” to “hold”.
- 7/17/2026 – Extra Space Storage had its “hold (c)” rating reaffirmed by Weiss Ratings.
- 7/16/2026 – Extra Space Storage is now covered by Raymond James Financial, Inc.. They set an “outperform” rating and a $44.00 price target on the stock.
- 7/15/2026 – Extra Space Storage was upgraded by Raymond James Financial, Inc. to “moderate buy”.
- 7/10/2026 – Extra Space Storage had its price target raised by UBS Group AG from $158.00 to $163.00. They now have a “buy” rating on the stock.
- 7/10/2026 – Extra Space Storage had its price target raised by Barclays PLC from $170.00 to $172.00. They now have an “overweight” rating on the stock.
Extra Space Storage Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s dividend payout ratio is 143.05%.
Insider Transactions at Extra Space Storage
In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.
Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.
Its business model combines property ownership with third-party management and development activities.