M&T Bank Corp Has $2.84 Million Stock Position in Extra Space Storage Inc $EXR

Key Points

• M&T Bank Corp increased its stake in Extra Space Storage by 60.9% in Q4 to 21,815 shares, worth $2.84 million, as institutional investors own roughly 99.11% of the stock.
• Wall Street consensus is a Hold rating with a $143.67 average price target after mixed analyst moves, including both downgrades and modest target increases.
• Extra Space Storage beat quarterly estimates (EPS $2.08 vs. $2.03; revenue $857.5M vs. $732.9M), set FY2026 guidance of 8.05–8.35 EPS, pays a $1.62 quarterly dividend (4.6% yield) but with a high 140.9% payout ratio, and the CEO recently sold 7,500 shares.

M&T Bank Corp increased its position in Extra Space Storage Inc (NYSE:EXR - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,815 shares of the real estate investment trust's stock after purchasing an additional 8,258 shares during the quarter. M&T Bank Corp's holdings in Extra Space Storage were worth $2,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in Extra Space Storage in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage in the third quarter worth about $28,000. Versant Capital Management Inc increased its position in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 80 shares during the period. Davis Capital Management acquired a new stake in Extra Space Storage in the third quarter worth about $35,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust's stock worth $35,000 after buying an additional 217 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXR shares. Wall Street Zen lowered Extra Space Storage from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings restated a "hold (c)" rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Scotiabank boosted their target price on Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a research report on Monday, March 23rd. Finally, Bank of America lowered Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 target price for the company. in a research report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.67.

Extra Space Storage Trading Down 1.7%

NYSE:EXR opened at $139.61 on Tuesday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $29.49 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.85 and a beta of 1.26. The business's 50-day simple moving average is $140.79 and its 200-day simple moving average is $138.51.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million for the quarter, compared to analysts' expectations of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $1.62 dividend. The ex-dividend date was Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage's payout ratio is presently 140.87%.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company's stock.

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.

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