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Analysts Have Conflicting Sentiments on These Real Estate Companies: Iron Mountain (IRM) and Extra Space Storage (EXR)

Tipranks - Wed Jun 17, 7:41AM CDT

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Iron Mountain (IRM) and Extra Space Storage (EXR).

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Iron Mountain (IRM)

Goldman Sachs analyst George Tong reiterated a Buy rating on Iron Mountain yesterday and set a price target of $149.00. The company’s shares closed last Monday at $126.28, close to its 52-week high of $130.24.

According to TipRanks.com, Tong is a 4-star analyst with an average return of 4.2% and a 53.6% success rate. Tong covers the Industrial Goods sector, focusing on stocks such as UL Solutions Inc. Class A, Vestis Corporation, and Brink’s Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iron Mountain with a $140.50 average price target, implying a 9.1% upside from current levels. In a report issued on June 1, Truist Financial also maintained a Buy rating on the stock with a $140.00 price target.

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Extra Space Storage (EXR)

In a report released yesterday, Michael Mueller from J.P. Morgan maintained a Hold rating on Extra Space Storage, with a price target of $157.00. The company’s shares closed last Monday at $146.65.

According to TipRanks.com, Mueller is a 1-star analyst with an average return of -1.1% and a 49.0% success rate. Mueller covers the NA sector, focusing on stocks such as SmartStop Self Storage REIT, Inc., Phillips Edison & Company, and Curbline Properties Corp. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Extra Space Storage with a $155.77 average price target, which is a 3.9% upside from current levels. In a report released today, Bank of America Securities also upgraded the stock to Hold with a $156.00 price target.

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