M&T Bank Corp Has $4.69 Million Holdings in Extra Space Storage Inc $EXR

Key Points

• M&T Bank Corp boosted its stake in Extra Space Storage by 165.6% in Q4 to 36,009 shares, worth about $4.69 million.
• Extra Space Storage missed Q EPS at $1.14 versus $2.01 expected, though revenue rose 4.4% to $856.03M; management set FY2026 EPS guidance of 8.05–8.35 (analysts expect 8.23).
• The company pays a quarterly dividend of $1.62 (annual $6.48) for a 4.5% yield145.29%, signaling potential sustainability concerns.

M&T Bank Corp boosted its holdings in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 165.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,009 shares of the real estate investment trust's stock after acquiring an additional 22,452 shares during the quarter. M&T Bank Corp's holdings in Extra Space Storage were worth $4,689,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EXR. Avalon Trust Co acquired a new stake in Extra Space Storage during the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the 3rd quarter worth about $28,000. Versant Capital Management Inc boosted its position in Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 80 shares during the period. Rosenberg Matthew Hamilton raised its stake 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 purchasing an additional 217 shares in the last quarter. Finally, Logan Capital Management Inc. raised its stake in shares of Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 229 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Up 2.9%

EXR opened at $143.84 on Thursday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The business has a 50-day moving average of $140.09 and a 200-day moving average of $138.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.39. The company has a market capitalization of $30.39 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 4.55 and a beta of 1.22.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued 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 company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the business posted $2.00 earnings per share. The firm's 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. Equities research analysts forecast that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business 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 dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 16th. Extra Space Storage's dividend payout ratio (DPR) is presently 145.29%.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm'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 transaction, the chief executive officer directly owned 66,495 shares of the company's stock, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

EXR has been the subject of a number of recent research reports. Barclays raised their price target on Extra Space Storage from $164.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Wall Street Zen downgraded Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Saturday, April 25th. BNP Paribas Exane raised Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 price target for the company in a research note on Wednesday, March 18th. Mizuho raised their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an "outperform" rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their price target on Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $143.93.

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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