What Are Wall Street Analysts' Target Price for Extra Space Storage Stock?

Core Insights - Extra Space Storage Inc. (EXR) is a real estate investment trust (REIT) focused on self-storage facilities, with a market capitalization of $28.2 billion [1] - The company has significantly underperformed the broader market, with a 20.7% decline in shares over the past 52 weeks, while the S&P 500 Index gained 13.7% [2] - EXR's Q3 results were mixed, with core FFO of $2.08 slightly exceeding estimates but total revenue of $858.5 million missing analyst expectations [4] Financial Performance - For the current fiscal year, analysts project a 10.5% year-over-year decline in FFO to $8.16 [5] - The company's FFO surprise history shows mixed results, exceeding consensus estimates in three of the last four quarters [5] Analyst Ratings - Among 22 analysts covering EXR, the consensus rating is a "Moderate Buy," with eight "Strong Buy," one "Moderate Buy," and 13 "Hold" ratings [5] - Barclays PLC analyst Brendan Lynch maintains a "Buy" rating with a price target of $169, indicating a 29.5% potential upside [6] - The mean price target of $156.47 suggests a 19.9% premium from current levels, while the highest target of $178 indicates a 36.3% potential upside [6]