Extra Space Storage (EXR) Declares $1.00 Quarterly Dividend; 2.7% Yield

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Uncharted Territory: Morgan Stanley Raises Estimates and Price Targets on Storage REITs to Reflect Record Pricing

May 26, 2021 11:23 AM EDT

Morgan Stanley analyst Ronald Kamdem has raised price targets on multiple storage REIT stocks to reflect record pricing.

A new price target for the Underweight-rated Public Storage (NYSE: PSA) is $266.00 per share (up from $231.00), Extra Space Storage (NYSE: EXR) to $134.00 from $122.00, and National Storage Affiliates (NYSE: NSA) to $46.00 from $39.00 per share. Both EXR and NSA are rated as Equal-weight by Kamdem.

Storage is a seasonal business... More

Extra Space Storage (EXR) PT Raised to $134 at Morgan Stanley

May 26, 2021 3:30 AM EDT

Morgan Stanley analyst Ronald Kamdem raised the price target on Extra Space Storage (NYSE: EXR) to $134.00 (from $122.00) while maintaining a Underweight rating.... More