Corient Private Wealth LP acquired a new stake in Extra Space Storage Inc (NYSE:EXR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,232 shares of the real estate investment trust's stock, valued at approximately $2,366,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Reflection Asset Management bought a new stake in shares of Extra Space Storage in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage during the 3rd quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage during the first quarter valued at approximately $30,000. CoreCap Advisors LLC grew 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 valued at $37,000 after purchasing an additional 234 shares during the period. Finally, DV Equities LLC bought a new stake in Extra Space Storage in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 99.11% of the company's stock.
Analyst Ratings Changes
EXR has been the topic of several analyst reports. Mizuho cut their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating on the stock in a report on Wednesday. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Scotiabank upped their price objective on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 18th. Barclays raised their price objective on Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Finally, UBS Group lifted their target price on Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $148.93.
Read Our Latest Analysis on Extra Space Storage
Insider Buying and Selling
In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 37,374 shares of the company's stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company's stock.
Extra Space Storage Price Performance
NYSE EXR opened at $139.96 on Thursday. The business has a 50 day simple moving average of $146.80 and a 200 day simple moving average of $143.93. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. 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 stock has a market cap of $29.57 billion, a price-to-earnings 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 announced 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 for 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 business's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts anticipate that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.
Extra Space Storage Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage's payout ratio is currently 143.05%.
About Extra Space Storage
(
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.
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