Real Estate Sector Ideas

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>>> Extra Space Storage, Inc. (NYSE:EXR) -- Average Analyst Price Target: $149.78

https://finance.yahoo.com/news/14-best-real-estate-realty-131053697.html

Upside Potential: 4.48%

Number of Hedge Fund Holders: 26

Extra Space Storage, Inc. (NYSE:EXR) is a self-storage real estate investment trust (REIT) company based in Salt Lake City, Utah. The company owns and operates 3,651 self-storage stores in 42 states and Washington, D.C.

As of this January, Goldman Sachs analyst Caitlin Burrows maintains a Buy rating and a $187 price target on Extra Space Storage, Inc. (NYSE:EXR).

There were 26 hedge funds long Extra Space Storage, Inc. (NYSE:EXR) in the fourth quarter, with a total stake value of $330.8 million.

Diamond Hill Capital mentioned Extra Space Storage, Inc. (NYSE:EXR) in its third-quarter 2023 investor letter:

“Following a dip in share price after Q2 earnings and rising interest rates, we had an opportunity to make an initial investment in Extra Space Storage Inc. (NYSE:EXR). Despite facing near-term challenges like normalizing street rents and occupancy rates after two years of robust demand, as well as the recent merger with Life Storage, we believe EXR is well positioned for long-term growth of its intrinsic value. It boasts an impressive franchise and perhaps the industry’s best operating platform. The Life Storage acquisition broadens its real estate portfolio and presents more opportunities for growth. While the company faces some near-term headwinds, the recent sell-off created an opportunity for us to acquire shares in this high-quality franchise at a very reasonable price.”

Like KE Holdings Inc (NYSE:BEKE), Crown Castle International Corp. (NYSE:CCI), and Realty Income Corporation (NYSE:O), Extra Space Storage, Inc. (NYSE:EXR) is among the best real estate and realty stocks to buy now.

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