Ally Financial Inc. Buys Shares of 19,000 Extra Space Storage Inc $EXR

Key Points

• Ally Financial bought 19,000 shares of Extra Space Storage during the second quarter, valued at approximately $2.76 million. Other institutions also initiated positions, bringing institutional and hedge-fund ownership to 99.11%.
• Extra Space Storage reported quarterly EPS of $1.25, exceeding analyst expectations of $1.16, while revenue rose 3.9% year over year to $874.15 million. The company guided to fiscal 2026 EPS of $8.25–$8.40.
• The REIT declared a quarterly dividend of $1.62, equivalent to $6.48 annually and a 4.4% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $147.71.

Ally Financial Inc. purchased a new position in Extra Space Storage Inc (NYSE:EXR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,000 shares of the real estate investment trust's stock, valued at approximately $2,761,000.

A number of other large investors have also made changes to their positions in EXR. Winmill & CO. Inc. purchased a new stake in shares of Extra Space Storage during the second quarter worth about $1,457,000. Cibc World Market Inc. acquired a new position in shares of Extra Space Storage during the second quarter valued at about $14,877,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Extra Space Storage in the 2nd quarter valued at approximately $1,604,000. Osmosis Investment Management UK Ltd purchased a new stake in Extra Space Storage during the 2nd quarter worth approximately $924,000. Finally, Sanctuary Advisors LLC acquired a new position in Extra Space Storage during the 2nd quarter valued at approximately $3,356,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Up 0.1%

EXR stock opened at $146.97 on Monday. Extra Space Storage Inc has a one year low of $125.71 and a one year 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's fifty day moving average is $147.31 and its 200 day moving average is $143.82. The firm has a market cap of $31.05 billion, a PE ratio of 32.44, a P/E/G ratio of 4.22 and a beta of 1.18.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $874.99 million. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The company's revenue 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. On average, research analysts forecast that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.62 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage's payout ratio is 143.05%.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on EXR shares. UBS Group lifted their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Barclays increased 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. Mizuho raised their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their target price on Extra Space Storage from $154.00 to $158.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Finally, Truist Financial upped their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a "hold" rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $147.71.

About Extra Space Storage

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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