Extra Space Storage Inc $EXR Stock Position Reduced by Bamco Inc. NY

Bamco Inc. NY lessened its holdings in Extra Space Storage Inc (NYSE:EXR - Free Report) by 44.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,611 shares of the real estate investment trust's stock after selling 26,400 shares during the quarter. Bamco Inc. NY's holdings in Extra Space Storage were worth $4,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage during the 3rd quarter valued at approximately $28,000. Reflection Asset Management bought a new stake in Extra Space Storage in the fourth quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage in the 1st quarter valued at about $30,000. CoreCap Advisors LLC raised its holdings in shares of Extra Space Storage by 975.0% during the second 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 bought a new stake in Extra Space Storage during the 2nd quarter valued at $43,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Scotiabank increased their price target on Extra Space Storage from $157.00 to $158.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 18th. Royal Bank Of Canada lifted their price target on Extra Space Storage from $153.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. UBS Group boosted their price objective on Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Barclays upped their price objective on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $149.20.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company's stock.

Extra Space Storage Stock Down 0.9%

Shares of EXR stock opened at $142.86 on Friday. The stock's 50 day simple moving average is $147.23 and its 200 day simple moving average is $143.96. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month 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 company has a market capitalization of $30.18 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 4.14 and a beta of 1.18.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.09. The business had revenue of $874.15 million for 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%. Extra Space Storage's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts predict that Extra Space Storage Inc will post 8.33 EPS for the current year.

Extra Space Storage Announces Dividend

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 paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage's dividend payout ratio is presently 143.05%.

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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