Diversify Advisory Services LLC Buys Shares of 19,704 Extra Space Storage Inc $EXR

Diversify Advisory Services LLC purchased a new position in Extra Space Storage Inc (NYSE:EXR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,704 shares of the real estate investment trust's stock, valued at approximately $2,922,000.

A number of other institutional investors have also added to or reduced their stakes in EXR. BlackRock Inc. bought a new position in Extra Space Storage in the 2nd quarter worth about $3,334,263,000. Cohen & Steers Inc. increased its position in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust's stock valued at $2,080,971,000 after buying an additional 1,888,763 shares during the period. State Street Corp lifted its holdings in shares of Extra Space Storage by 1.7% in the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust's stock worth $1,960,599,000 after buying an additional 230,697 shares in the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage in the fourth quarter worth about $1,219,606,000. Finally, Capital International Investors boosted its position in shares of Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust's stock valued at $814,746,000 after acquiring an additional 2,658,947 shares during the period. Hedge funds and other institutional investors own 99.11% of the company's stock.

Extra Space Storage Stock Up 0.2%

EXR stock opened at $147.24 on Wednesday. The company's 50 day moving average is $147.47 and its 200 day moving average is $143.60. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 4.26 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $158.88.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its 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 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 analyst estimates of $874.99 million. During the same period in the previous year, the business posted $2.05 earnings per share. Extra Space Storage's revenue for the quarter was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts predict that Extra Space Storage Inc will post 8.31 EPS for the current fiscal year.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction 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 directly owned 37,374 shares of the company's stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America raised shares of Extra Space Storage from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Royal Bank Of Canada raised their price target 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. Barclays boosted their price target 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 upped their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a report on Wednesday, June 17th. Finally, UBS Group increased their price objective 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. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $147.87.

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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