Truist Securities maintains Hold rating on Extra Space Storage, lowers PT to $150.

Truist Securities maintains Hold rating on Extra Space Storage, lowers PT to $150.

In a recent update, Truist Securities has maintained its hold rating on Extra Space Storage Inc. (EXR.US), while adjusting the price target from $158 to $150. The analyst, Ki Bin Kim, has a success rate of 57.5% and an average return of 6.8% over the past year, according to TipRanks data [1].

Extra Space Storage, a leading provider of self-storage facilities, reported net sales of 86.1% from rental of storage spaces and 13.9% from other activities such as tenant insurance and facility operations. As of the end of 2024, the company's real estate portfolio comprises 4,011 assets in the United States, with a total lettable area of 28,651,297 m² [2].

Analysts have mixed views on Truist Financial, with Raymond James upgrading it to "outperform" while others lowered their price targets. Truist Financial reported an EPS of $0.91 in its last earnings report, missing estimates, and announced a quarterly dividend of $0.52 [3].

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