Extra Space Storage Inc ($EXR) Stock Forecast: Up 1.2% Today

What is Extra Space Storage Inc?

Extra Space Storage Inc. (EXR) is a self-storage real estate investment trust (REIT) that provides storage solutions for residential and commercial customers. Today, the stock had a strong bullish movement in the market.

Why is Extra Space Storage Inc going up?

EXR stock is up 1.2% on Jan 8, 2026 15:50

• The company was downgraded to a "Hold" rating by Scotiabank, with a target price decrease from $162 to $145, which may have caused some uncertainty among investors.
• On a positive note, Noah Springer was promoted to President at Extra Space Storage, suggesting promising internal developments and strategic planning.
• RBC Capital analyst Brad Heffern maintained a Hold rating with a price target of $142 on the stock, contributing to mixed analyst sentiment and potential stock price volatility.
• The stock's bullish movement today likely reflects the company's positive revenue and net income growth.

EXR Price Chart

EXR Technical Analysis

EXR News

Assessing Public Storage (PSA) Valuation After A Recent Pullback In Returns

Public Storage (PSA) has experienced a recent share price pullback and mixed short-term returns, prompting a re-evaluation of its valuation. Despite declines in 90-day and 1-year returns, the company shows positive revenue and net income growth. The most common narrative suggests PSA is currently undervalued by 16.7% at $265.68, with a fair value of $319 per share, based on strategic portfolio expansion and expected future growth.

https://simplywall.st/stocks/us/real-estate/nyse-psa/public-storage/news/assessing-public-storage-psa-valuation-after-a-recent-pullba

Scotiabank Downgrades Extra Space Storage Inc(EXR.US) to Hold Rating, Cuts Target Price to $145

Scotiabank has downgraded Extra Space Storage Inc (EXR.US) to a "Hold" rating, reducing its target price from $162 to $145. Analyst Nicholas Yulico, who made the downgrade, has a reported success rate of 46.1% and an average return of 1.7% over the past year according to TipRanks data. This information is intended for informational purposes only and does not constitute investment advice.

https://news.futunn.com/en/post/67091678/scotiabank-downgrades-extra-space-storage-inc-exrus-to-hold-rating

Extra Space Storage Names Noah Springer as President

Extra Space Storage (EXR) has promoted Noah Springer to President, effective January 5, 2026. Springer, a 20-year company veteran, previously served as Executive Vice President, Chief Strategy and Partnership Officer and was instrumental in building the company's third-party management platform. This appointment centralizes strategic, operational, and human capital oversight under his leadership as the company prepares for an investor forum.

https://www.theglobeandmail.com/investing/markets/stocks/EXR/pressreleases/36916487/extra-space-storage-names-noah-springer-as-president/

RBC Capital Remains a Hold on Extra Space Storage (EXR)

RBC Capital analyst Brad Heffern maintained a Hold rating on Extra Space Storage (EXR) with a price target of $142.00. TipRanks notes Heffern as a 4-star analyst with an 8.1% average return. Extra Space Storage has a Moderate Buy consensus with a target of $153.73, and its latest quarterly revenue was $777.56 million with a net profit of $169.94 million.

https://www.theglobeandmail.com/investing/markets/stocks/EXR/pressreleases/36917952/rbc-capital-remains-a-hold-on-extra-space-storage-exr/

Self-Storage REIT Extra Space Promotes Noah Springer to President

Extra Space Storage Inc., a self-storage real estate investment trust (REIT), announced the promotion of Noah Springer to President, effective January 5. Springer, who joined Extra Space in 2006, previously served as executive vice president, chief strategy and partnership officer, and is responsible for the company's third-party management program, joint ventures, and strategic initiatives. CEO Joe Margolis lauded Springer's nearly two decades of leadership and significant contributions to the company's growth and culture.

https://www.insideselfstorage.com/facility-operators/self-storage-reit-extra-space-promotes-noah-springer-to-president

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Extra Space Storage Inc Price History

09.11.2025 - EXR Stock was down 2.8%

• The drop in EXR's stock price could be linked to its oversold condition with an RSI of 29.0, potentially presenting an entry opportunity for bullish investors.
• Concerns may have arisen among investors due to Extra Space Storage's upcoming public auction for personal property, impacting the stock negatively.
• RBC Capital's reaffirmation of a positive outlook and price target for CubeSmart, a rival in the storage REIT sector, might have shifted focus away from EXR, influencing the bearish movement.
• Investor cautiousness about EXR lagging behind peers in the real estate sector could be adding to the stock's downward pressure.

24.01.2025 - EXR Stock was up 1.1%

• EXR stock exhibited a positive trend, potentially driven by optimistic market forecasts for its Q4 earnings.
• Despite concerns over declining new customer rates, there is investor confidence in EXR's ability to capitalize on its strong brand recognition and established presence in key urban areas.
• Market fluctuations may also reflect analyst projections for essential performance indicators, suggesting growth potential for EXR within the self-storage sector.

08.00.2026 - EXR Stock was up 1.2%

• The company was downgraded to a "Hold" rating by Scotiabank, with a target price decrease from $162 to $145, which may have caused some uncertainty among investors.
• On a positive note, Noah Springer was promoted to President at Extra Space Storage, suggesting promising internal developments and strategic planning.
• RBC Capital analyst Brad Heffern maintained a Hold rating with a price target of $142 on the stock, contributing to mixed analyst sentiment and potential stock price volatility.
• The stock's bullish movement today likely reflects the company's positive revenue and net income growth.

25.10.2024 - EXR Stock was up 2.1%

• The positive investor sentiment towards EXR stock is influenced by strong insider confidence, exemplified by a significant stock sale by the Director.
• While insider selling can sometimes signal lack of faith in a company's future, in this instance, it is viewed as a routine profit-taking measure by the Director.
• This insider sell is seen by investors as an indication of the stock reaching an attractive price level, leading to increased buying activity and driving the market's bullish trend today.

31.06.2025 - EXR Stock was down 9.6%

• EXR experienced a bearish movement today due to its Q2 Core FFO missing estimates, despite beating revenue expectations.
• The discrepancy between FFO and revenue performance suggests that rising expenses offset the gains from increased occupancy growth.
• Investors may have reacted negatively to the lower-than-expected FFO, indicating concerns about the company's ability to effectively manage its expenses and maintain profitability.
• The market movement could be a reflection of investor sentiment regarding EXR's operational efficiency and cost management strategies, prompting a reevaluation of the stock's future prospects.

12.05.2024 - EXR Stock was up 6.3%

• Analysts have expressed varied viewpoints on Extra Space Storage, with some showing optimism about the stock.
• This optimistic outlook from analysts might have influenced the significant upward movement in EXR's stock price today.
• Investors seem to be responding favorably to the company's growth opportunities and performance outlook, leading to the upward trend in the stock.

30.09.2025 - EXR Stock was down 7.0%

• The bearish movement in EXR today can be attributed to the market's reaction to the company's Q3 earnings report.
• Despite beating FFO estimates, the lower-than-expected revenue and concerns about rising competition and discounting impacting margins and FFO may have spooked investors.
• The market may be pricing in potential challenges ahead for Extra Space Storage, leading to the bearish movement in the stock today.
• Investors might be taking a cautious stance on EXR until there is more clarity on how the company plans to address the competitive pressures and maintain its growth trajectory.

06.00.2026 - EXR Stock was up 1.4%

• The positive market sentiment surrounding Extra Space Storage Inc. (EXR) today may be linked to the appointment of Noah Springer as President.
• Despite differing analyst views on the company's outlook, Springer's appointment, known for his contributions such as developing the third-party management platform, seems to have boosted investor confidence.
• Although RBC Capital reduced the target price to $142 while maintaining a "Hold" rating, investor reaction suggests optimism for the company's future under Springer's leadership.
• Investors appear to interpret this change in leadership as a strategic shift by Extra Space Storage to address financial risks and enhance operational efficiency, driving the stock's bullish movement today.

26.01.2025 - EXR Stock was down 2.4%

• EXR beat Q4 FFO estimates, indicating strong financial performance for the quarter.
• Despite the positive earnings surprise, concerns about lower new customer rates may have contributed to the bearish market movement.
• Investors might be focusing more on the potential impact of the lower new customer rates rather than the positive earnings beat, leading to the downward pressure on the stock.
• The market sentiment could be cautious as investors await further clarity on how EXR plans to address the challenges related to new customer rates in the upcoming quarters.

26.01.2025 - EXR Stock was down 5.1%

• Despite beating Q4 FFO estimates and showing growth in occupancy, EXR experienced a bearish movement, possibly due to concerns over lower same-store NOI impacting its overall performance.
• The market may have reacted negatively to the lower new customer rates, which could signal potential challenges in revenue growth for Extra Space Storage.
• Investors might be cautious about EXR's outlook, as highlighted in discussions on Wall Street estimates for key metrics, leading to a sell-off of the stock despite the positive earnings surprises.

31.06.2025 - EXR Stock was down 8.3%

• There was a downward movement in Extra Space Storage (EXR) stock today.
• Q2 FFO and revenue figures fell slightly short of expectations, hinting at possible performance hurdles.
• Although revenue was anticipated to rise due to acquisitions and scaling, the stable FFO per share might not have met investors' expectations.
• Market response may be linked to worries about the company's capacity to meet earnings forecasts and maintain growth going forward.

30.09.2025 - EXR Stock was down 5.9%

• EXR reported Q3 Core FFO that beat estimates, indicating strong performance in terms of funds from operations.
• However, revenues lagged behind expectations, which could have contributed to the bearish movement in the stock.
• Rising expenses and interest costs may have weighed on investors' sentiment, overshadowing the positive FFO results.
• The market may be concerned about the impact of rising competition and discounting on EXR's margins and FFO, leading to the bearish trend in the stock price.