38,589 Shares in Extra Space Storage Inc $EXR Bought by Nykredit A S

Key Points

• Nykredit A S acquired 38,589 shares of Extra Space Storage in the second quarter, worth approximately $5.6 million. Institutional investors collectively own 99.11% of the company.
• Extra Space Storage reported quarterly EPS of $1.25, exceeding analysts’ $1.16 estimate, while revenue reached $874.15 million, up 3.9% year over year. Management guided to fiscal 2026 EPS of $8.25–$8.40.
• The company declared a quarterly dividend of $1.62 per share, equivalent to an annualized $6.48 dividend and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $149.47.

Nykredit A S bought a new stake in Extra Space Storage Inc (NYSE:EXR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 38,589 shares of the real estate investment trust's stock, valued at approximately $5,607,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raiffeisen Bank International AG boosted its stake in shares of Extra Space Storage by 82.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust's stock worth $28,000 after buying an additional 84 shares during the last quarter. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage during the first quarter worth about $30,000. CoreCap Advisors LLC boosted its holdings in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 234 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in Extra Space Storage during the second quarter worth $43,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Price Performance

EXR opened at $137.51 on Tuesday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two 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 firm has a 50-day moving average of $144.59 and a 200 day moving average of $142.96. The firm has a market cap of $29.05 billion, a P/E ratio of 30.36, a PEG ratio of 3.92 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. 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, research analysts expect that Extra Space Storage Inc will post 8.34 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage's payout ratio is currently 143.05%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXR. Barclays lifted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a report on Thursday, July 16th. They set an "outperform" rating and a $44.00 price target on the stock. Scotiabank boosted their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a "sector perform" rating in a report on Tuesday, August 18th. Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Finally, Evercore set a $146.00 price objective on shares of Extra Space Storage in a report on Monday. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Extra Space Storage has an average rating of "Hold" and a consensus price target of $149.47.

About Extra Space Storage

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions.

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