Beacon Pointe Advisors LLC Buys Shares of 9,069 Extra Space Storage Inc $EXR

Key Points

• Beacon Pointe Advisors purchased 9,069 shares of Extra Space Storage during the second quarter, worth approximately $1.32 million. Institutional investors collectively own 99.11% of the company.
• Extra Space Storage reported quarterly EPS of $1.25, beating estimates of $1.16, while revenue rose 3.9% year over year to $874.15 million. The company issued fiscal 2026 EPS guidance of $8.25–$8.40.
• The REIT declared a quarterly dividend of $1.62, equivalent to an annualized $6.48 payout and a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $149.20.

Beacon Pointe Advisors LLC purchased a new stake in Extra Space Storage Inc (NYSE:EXR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,069 shares of the real estate investment trust's stock, valued at approximately $1,318,000.

A number of other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC lifted its position in shares of Extra Space Storage by 1.9% during the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust's stock worth $523,000 after buying an additional 75 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock worth $653,000 after acquiring an additional 80 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Extra Space Storage by 18.9% in the fourth quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 86 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Extra Space Storage by 3.2% in the 1st quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 87 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Extra Space Storage by 39.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Stock Up 0.0%

Shares of NYSE:EXR opened at $142.93 on Monday. The firm has a market cap of $30.20 billion, a P/E ratio of 31.55, a P/E/G ratio of 4.10 and a beta of 1.18. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $158.88. The business has a fifty day simple moving average of $147.18 and a 200 day simple moving average of $143.98.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS 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 return on equity of 6.70% and a net margin of 27.80%.The business's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts predict that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage's dividend payout ratio is presently 143.05%.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Extra Space Storage from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $160.00 to $170.00 in a research report on Thursday. Barclays raised their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Truist Financial boosted their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research note on Wednesday, June 17th. Scotiabank upped their price target on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage presently has an average rating of "Hold" and a consensus price target of $149.20.

Extra Space Storage 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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