Corient Private Wealth LP bought a new stake in Extra Space Storage Inc (NYSE:EXR – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 24,232 shares of the real estate investment trust’s stock, valued at approximately $2,366,000.
Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $28,000. Reflection Asset Management bought a new stake in shares of Extra Space Storage in the fourth quarter worth $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage during the first quarter worth $30,000. CoreCap Advisors LLC boosted its holdings in 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 purchasing an additional 234 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in Extra Space Storage in the second quarter valued at $43,000. Institutional investors and hedge funds own 99.11% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group increased their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Mizuho reduced their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial raised their price objective on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $148.93.
Extra Space Storage Trading Down 0.1%
NYSE EXR opened at $139.96 on Thursday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average of $146.80 and a 200-day moving average of $143.93. The company has a market cap of $29.57 billion, a PE ratio of 30.90, a PEG ratio of 4.02 and a beta of 1.16.
Extra Space Storage (NYSE:EXR – Get Free Report) last issued 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. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. During the same period in the previous year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities research analysts anticipate that Extra Space Storage Inc will post 8.33 EPS 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. Stockholders of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is presently 143.05%.
Insider Activity
In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
Extra Space Storage Company 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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