Quantbot Technologies LP acquired a new stake in Extra Space Storage Inc (NYSE:EXR – Free 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
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:EXR – Get 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
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
- Five stocks we like better than Extra Space Storage
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR – Free Report).
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.
