Diamond Hill Capital Management LLC Investment Advisor Makes New $213.20 Million Investment in Extra Space Storage Inc $EXR

Diamond Hill Capital Management LLC Investment Advisor 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,467,285 shares of the real estate investment trust's stock, valued at approximately $213,197,000. Extra Space Storage accounts for about 1.7% of Diamond Hill Capital Management LLC Investment Advisor's holdings, making the stock its 16th biggest position. Diamond Hill Capital Management LLC Investment Advisor owned 0.69% of Extra Space Storage as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EXR. Nomura Asset Management Co. Ltd. raised its position in Extra Space Storage by 2.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust's stock worth $50,922,000 after purchasing an additional 9,492 shares in the last quarter. Norges Bank acquired a new stake in Extra Space Storage during the fourth quarter valued at approximately $1,219,606,000. Manning & Napier Advisors LLC boosted its holdings in Extra Space Storage by 3,007.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust's stock valued at $5,220,000 after purchasing an additional 38,799 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Extra Space Storage by 15,978.4% in the 4th quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust's stock valued at $1,068,000 after purchasing an additional 8,149 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Extra Space Storage by 54.8% in the 1st quarter. SG Americas Securities LLC now owns 292,159 shares of the real estate investment trust's stock valued at $38,311,000 after purchasing an additional 103,443 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was 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 $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.96% of the company's stock.

Extra Space Storage Stock Up 0.1%

NYSE EXR opened at $147.98 on Monday. The firm has a market cap of $31.26 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 4.26 and a beta of 1.18. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $158.88. The stock's 50 day simple moving average is $147.45 and its 200 day simple moving average is $143.48. 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 (NYSE:EXR - Get Free Report) last released 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 during the quarter, compared to analysts' expectations 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 period last year, the firm posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial raised their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings upgraded Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 7th. Raymond James Financial assumed coverage on Extra Space Storage in a report on Thursday, July 16th. They set an "outperform" rating and a $44.00 price objective for the company. Finally, Mizuho boosted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an "outperform" rating in a research note on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $147.73.

Extra Space Storage Company 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.

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source