Jupiter Topco LLC purchased a new stake in Extra Space Storage Inc (NYSE:EXR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,543 shares of the real estate investment trust's stock, valued at approximately $3,854,000.
Several other hedge funds have also added to or reduced their stakes in EXR. Hsbc Holdings PLC grew its holdings in Extra Space Storage by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 902,368 shares of the real estate investment trust's stock valued at $131,181,000 after buying an additional 30,096 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Extra Space Storage in the second quarter valued at approximately $43,000. Canada Pension Plan Investment Board bought a new stake in shares of Extra Space Storage in the second quarter valued at approximately $53,443,000. Legal & General Group Plc acquired a new stake in Extra Space Storage during the second quarter worth approximately $299,746,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Extra Space Storage during the second quarter worth approximately $17,042,000. Institutional investors and hedge funds own 99.11% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on EXR shares. Truist Financial lifted 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. Royal Bank Of Canada increased their target price on Extra Space Storage from $153.00 to $157.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Barclays raised their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Weiss Ratings raised shares of Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Finally, Raymond James Financial started coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an "outperform" rating and a $44.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Extra Space Storage has an average rating of "Hold" and a consensus price target of $149.13.
View Our Latest Report on Extra Space Storage
Insider Buying and Selling
In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.
Extra Space Storage Stock Down 0.8%
NYSE EXR opened at $140.03 on Wednesday. The business has a fifty day moving average price of $146.92 and a two-hundred day moving average price of $143.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88. The stock has a market capitalization of $29.58 billion, a PE ratio of 30.91, a PEG ratio of 4.05 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 (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same quarter last year, the company posted $2.05 EPS. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Equities analysts expect that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.
Extra Space Storage Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage's payout ratio is currently 143.05%.
Extra Space Storage Company Profile
(
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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