B of A Securities Rates Extra Space Storage (EXR) hold

B of A Securities now rates Extra Space Storage as hold with a $156 target, a 7.34% upside from the current price.

By EarningsIQ Research Desk · Published Jun 16, 2026, 8:01 AM EDT · Updated Jun 22, 2026, 1:02 PM EDT

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B of A Securities rated Extra Space Storage Inc. ($EXR) "hold" with a $156 price target on June 16, 2026.

Since the rating, $EXR is up 0.9% after 1 week, up 2.7% after 1 month and down 3.5% to date (from the $144.70 close on Jun 16, 2026).

EXR Extra Space Storage Inc.

$139.61 +10.29% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities upgraded Extra Space Storage to hold with a new price target of $156, as of June 16, 2026.
B of A Securities's $156 price target implies 7.34% upside from Extra Space Storage Inc.'s ($EXR) current $145.33 share price.
Extra Space Storage shares recently traded at $146.65, with a market cap of $30.98 billion and a P/E ratio of 33.03.
Recent insider activity shows multiple buys, while peers like Vanguard Portfolio Management increased their holdings.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Extra Space Storage Inc. alert may contain errors. Disclosures

B of A Securities has upgraded its view on Extra Space Storage Inc. (NYSE:EXR), now rating the stock as a hold. On June 16, 2026, analyst Jeffrey Spector set a new price target of $156 for the company. Shares of Extra Space Storage were recently trading at $146.65.

Extra Space Storage Inc. Stock Up 6.3%

Shares of NYSE:EXR are trading at $146.65. The company has a market cap of approximately $30.98 billion and a P/E ratio of 33.03. It has a 52-week low of $125.71 and a high of $155.19, with a 50-day moving average of $142.61 and a 200-day moving average of $140.01. The real estate investment trust has a beta of 1.206, indicating its stock is more volatile than the market.

12-month forecast

$EXR price target

Extra Space Storage Inc. daily closes and this analyst's $156 target. Not advice.

Recent Earnings

Extra Space Storage reported revenue of $3.48 billion, reflecting a growth of 3.8%. The company's earnings per share stand at $4.44, with a net margin of 27.14% and a return on equity of 6.83%. The next earnings report is anticipated on July 29, 2026.

Dividend

The company offers an annual dividend rate of $6.48, yielding 4.42%. The dividend payout ratio is 145.62%, reflecting the company's commitment to returning capital to shareholders.

Insider Buying and Selling at Extra Space Storage Inc.

Recent insider activity includes a sale by EVP and Chief Legal Officer McNeal Gwyn Goodson, who sold 3,300 shares on June 11, 2026, at an average price of $150. On the buying side, multiple insiders, including Crystal Call Maggelet and Gary Crittenden, each bought 1,407 shares on May 14, 2026, at $142.19.

Analysts Set New Price Targets

On June 16, 2026, B of A Securities upgraded Extra Space Storage to a hold rating with a $156 price target. Wells Fargo maintained its buy rating with a $154 target on June 1, while Mizuho also kept a buy rating with a $155 target on May 27. The consensus among analysts is a buy, with a mean price target of $154.35 based on 20 opinions.

About Extra Space Storage

Extra Space Storage Inc., based in Salt Lake City, Utah, is a leading operator of self-storage properties in the United States. As of the end of 2025, it owned or managed over 4,281 storage facilities across 43 states and Washington, D.C. The company provides a variety of storage solutions, including units for boats, RVs, and businesses. With a workforce of nearly 8,393 employees, Extra Space Storage continues to expand its reach in the self-storage sector.

Bottom Line

B of A Securities' recent rating change for Extra Space Storage highlights the ongoing interest in the company within the investment community. While the stock has shown volatility, its recent price target adjustment reflects a more cautious stance. Investors will be watching the upcoming earnings report for further insights into the company's performance and future prospects.