Evercore ISI raised the firm’s price target on Extra Space Storage to $141 from $139 and keeps an In Line rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on EXR:
- Extra Space Storage Inc. Announces 4th Quarter 2023 Dividend
- Extra Space Storage price target raised to $120 from $115 at Wells Fargo
- Early notable gainers among liquid option names on November 8th
- Extra Space Storage narrows FY23 Core FFO view to $8.05-$8.20 from $8.00-$8.25
- Extra Space Storage reports Q3 Core FFO $2.02, consensus $2.03