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How Wall Street Analysts View Extra Space

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Jan. 29 2018, Updated 10:31 a.m. ET

Analysts’ ratings

Extra Space’s (EXR) performance expectations in 2018 have been reflected in its analyst ratings. Analysts gave EXR a mean price target of $87.93, implying an ~1.5% rise from its current level of $86.72. It has a market capitalization of ~$10.9 billion.

On January 2018, four of 16 analysts covering the stock gave it “buy” or “strong buy” ratings, and the remaining 12 gave it “hold” ratings. Compared to December 2017, the number of Extra Space’s “strong buy” and “buy” ratings have been constant.

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EXR’s peer ratings

Among Extra Space’s major peers, Public Storage (PSA) received “buy” or “strong buy” ratings from one of 18 analysts, “hold” ratings from 11 analysts, and “sell” or “strong sell” ratings from the remaining six analysts. The target price for PSA is $208.44 while the current price is $198.09.

Four of 12 analysts gave CubeSmart (CUBE) “buy” or “strong buy” ratings, and nine analysts gave it “hold” ratings. The target price for CUBE is $29.42, up from the current level of $27.78.

Eleven of 14 analysts gave Life Storage (LSI) “hold” ratings, and the remaining three analysts gave it “sell” ratings. The target price for LSI is $83.23, down from the current level of $86.79.

Investors looking for exposure to the self-storage real estate sector can consider REIT ETFs. EXR comprises ~2.0% of the PowerShares S&P 500 High Dividend Low Volatility Portfolio ETF (SPHD).

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