Peeling Back The Layers: Exploring Extra Space Storage Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Extra Space Storage (NYSE:EXR) over the past three months, with 8 analysts offering ratings that range from bullish to bearish. The average 12-month price target is $146.12, with a high of $168.00 and a low of $115.00, reflecting a slight decrease of 0.4% in the average target. Analysts from firms like Truist Securities, Goldman Sachs, Morgan Stanley, Wells Fargo, Stifel, B of A Securities, and Raymond James have updated their ratings and price targets. Extra Space Storage is a REIT with a strong market presence, positive revenue growth, and solid net margin, but a below-average ROE.
December 28, 2023 | 2:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on EXR, with recent ratings changes and a slight decrease in the average price target. The company shows strong revenue growth and net margin, but a lower ROE than industry average.
The mixed analyst ratings and minor adjustment in price targets suggest a neutral short-term impact on EXR's stock price. The company's strong financial performance could balance out the lowered expectations, maintaining investor interest.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100