Mitsubishi UFJ Asset Management Co. Ltd. Purchases 25,118 Shares of Extra Space Storage Inc $EXR

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Extra Space Storage by 4.3%, buying 25,118 shares to hold 614,544 shares (about 0.29%) valued at $80.49 million.
• CEO Joseph D. Margolis sold 7,500 shares at an average price of $142.08 (totaling $1.07 million), trimming his position by 10.14% to 66,495 shares; corporate insiders own roughly 0.96% of the stock.
• Extra Space Storage reported a quarterly EPS miss of $1.14 versus $2.01 expected while revenue slightly beat at $856.0 million, set FY‑2026 guidance of $8.05–$8.35 EPS (analyst consensus ~$8.23), and pays a quarterly dividend of $1.62 (≈4.5% yield) with a high payout ratio (~145%).

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 614,544 shares of the real estate investment trust's stock after buying an additional 25,118 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.29% of Extra Space Storage worth $80,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EXR. NewEdge Advisors LLC lifted its position in shares of Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust's stock worth $506,000 after buying an additional 291 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust's stock worth $729,000 after purchasing an additional 661 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter worth approximately $457,000. First Trust Advisors LP raised its holdings in shares of Extra Space Storage by 184.1% in the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust's stock worth $15,954,000 after purchasing an additional 70,115 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock worth $653,000 after purchasing an additional 80 shares during the period. Institutional investors own 99.11% of the company's stock.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on EXR. BNP Paribas Exane raised shares of Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 price target on the stock in a report on Wednesday, March 18th. Truist Financial lowered their price target on shares of Extra Space Storage from $158.00 to $150.00 and set a "hold" rating on the stock in a report on Wednesday. Scotiabank lifted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, March 23rd. Finally, UBS Group lowered their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a "buy" rating on the stock in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.93.

Extra Space Storage Stock Down 0.2%

Extra Space Storage stock opened at $143.50 on Friday. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The firm has a market capitalization of $30.32 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 4.68 and a beta of 1.22. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $139.97 and a 200 day simple moving average of $138.25.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million during the quarter, compared to analysts' expectations of $851.35 million. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts predict that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, March 16th. Extra Space Storage's payout ratio is currently 145.29%.

About Extra Space Storage

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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