SteelPeak Wealth LLC acquired a new stake in Extra Space Storage Inc (NYSE:EXR – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,936 shares of the real estate investment trust’s stock, valued at approximately $518,000.
Several other hedge funds have also recently added to or reduced their stakes in EXR. IFP Advisors Inc grew its position in shares of Extra Space Storage by 4.4% during the 3rd quarter. IFP Advisors Inc now owns 2,536 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 107 shares during the period. Banque Pictet & Cie SA bought a new stake in shares of Extra Space Storage in the 3rd quarter valued at about $287,000. V Square Quantitative Management LLC raised its position in shares of Extra Space Storage by 24.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,793 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 549 shares during the period. Krilogy Financial LLC raised its position in shares of Extra Space Storage by 7.4% in the 3rd quarter. Krilogy Financial LLC now owns 7,052 shares of the real estate investment trust’s stock valued at $945,000 after acquiring an additional 485 shares during the period. Finally, Wedmont Private Capital raised its position in shares of Extra Space Storage by 10.7% in the 3rd quarter. Wedmont Private Capital now owns 1,958 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.
Extra Space Storage Trading Down 1.1%
EXR opened at $138.13 on Tuesday. The stock has a market capitalization of $29.18 billion, a P/E ratio of 16.72, a P/E/G ratio of 4.14 and a beta of 1.15. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The firm’s fifty day simple moving average is $138.91 and its 200 day simple moving average is $142.47. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96.
Extra Space Storage (NYSE:EXR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts anticipate that Extra Space Storage Inc will post 8.34 EPS for the current fiscal year.
Extra Space Storage Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.
Analyst Ratings Changes
Several research analysts recently weighed in on EXR shares. Mizuho reduced their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their target price on shares of Extra Space Storage from $157.00 to $153.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. BMO Capital Markets upgraded shares of Extra Space Storage from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $160.00 to $170.00 in a report on Thursday, August 27th. Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 price target on shares of Extra Space Storage in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.67.
View Our Latest Stock Report on Extra Space Storage
Extra Space Storage Company Profile
Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.
In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.
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