Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Extra Space Storage Inc (NYSE:EXR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 702,947 shares of the real estate investment trust's stock, valued at approximately $102,138,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of Extra Space Storage at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC increased its stake in shares of Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust's stock valued at $523,000 after purchasing an additional 75 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock worth $653,000 after buying an additional 80 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Extra Space Storage by 18.9% during the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust's stock worth $70,000 after buying an additional 86 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in Extra Space Storage by 3.2% in the first quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 87 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 92 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Truist Financial lifted 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. Wall Street Zen upgraded shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Sunday, August 9th. Mizuho lifted their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, May 27th. The Goldman Sachs Group reiterated a "neutral" rating and set a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, July 30th. Finally, Raymond James Financial started coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They issued an "outperform" rating and a $44.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $147.87.
Check Out Our Latest Analysis on Extra Space Storage
Extra Space Storage Price Performance
Extra Space Storage stock opened at $147.24 on Wednesday. The stock has a 50-day moving average price of $147.47 and a two-hundred day moving average price of $143.60. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a market capitalization of $31.11 billion, a PE ratio of 32.50, a P/E/G 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 (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, topping the consensus estimate of $1.16 by $0.09. The company had revenue of $874.15 million for 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts expect that Extra Space Storage Inc will post 8.31 EPS for the current year.
Insider Transactions at Extra Space Storage
In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm's 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 transaction, the executive vice president owned 37,374 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company's stock.
Extra Space Storage Company Profile
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Free Report)
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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