RBC Capital analyst Brad Heffern raised the firm’s price target on Extra Space Storage (EXR) to $153 from $142 and keeps a Sector Perform rating on the shares. The company’s Q4 results confirmed continued momentum in move-in rates, while the shortfall versus the firm’s prior 2026 core FFO per share estimate was driven more by taxes and a conservative pre-leasing season viewpoint, the analyst tells investors in a research note.
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Read More on EXR:
- Extra Space Storage reports Q4 core FFO $2.08, consensus $2.03
- Extra Space Storage sees 2026 core FFO $8.05-$8.35, consensus $8.25
- EXR Earnings this Week: How Will it Perform?
- Extra Space Storage price target lowered to $150 from $160 at Wells Fargo
- BofA downgrades Extra Space Storage to Underperform on lack of recovery signs