NEOS Investment Management LLC grew its stake in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,926 shares of the real estate investment trust’s stock after purchasing an additional 8,227 shares during the period. NEOS Investment Management LLC’s holdings in Extra Space Storage were worth $11,468,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of EXR. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage in the third quarter worth about $28,000. Reflection Asset Management bought a new stake in Extra Space Storage during the 4th quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage during the 1st quarter worth approximately $30,000. CoreCap Advisors LLC grew its holdings in shares of Extra Space Storage by 975.0% during the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 234 shares during the period. Finally, Ancora Advisors LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.
Insider Activity
In other news, EVP Gwyn McNeal sold 3,300 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on EXR
Extra Space Storage Stock Performance
Shares of EXR opened at $139.33 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average price is $146.48 and its 200-day moving average price is $143.86. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $158.88. The stock has a market cap of $29.44 billion, a P/E ratio of 30.76, a P/E/G ratio of 4.00 and a beta of 1.16.
Extra Space Storage (NYSE:EXR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 3.9% on a year-over-year basis. 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. Equities research analysts anticipate that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.
Extra Space Storage Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is currently 143.05%.
Extra Space Storage Profile
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.
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