8,324 Shares in Extra Space Storage Inc $EXR Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Extra Space Storage Inc (NYSE:EXRFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,324 shares of the real estate investment trust’s stock, valued at approximately $1,209,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage during the third quarter worth about $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Extra Space Storage during the first quarter worth about $30,000. CoreCap Advisors LLC grew its holdings in shares of Extra Space Storage by 975.0% during the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 234 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of Extra Space Storage during the fourth quarter worth about $39,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EXR. Wells Fargo & Company boosted their target price on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Raymond James Financial began coverage on shares of Extra Space Storage in a report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price objective on the stock. Mizuho boosted their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and a consensus target price of $148.53.

Read Our Latest Report on Extra Space Storage

Extra Space Storage Stock Performance

EXR opened at $144.94 on Wednesday. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The firm has a market capitalization of $30.62 billion, a PE ratio of 32.00, a PEG ratio of 4.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50-day simple moving average is $147.27 and its 200 day simple moving average is $143.90.

Extra Space Storage (NYSE:EXRGet Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts expect that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

Extra Space Storage Profile

(Free Report)

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.

Further Reading

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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