Nykredit A S Buys New Stake in Extra Space Storage Inc $EXR

Key Points

• Nykredit A/S bought 38,589 shares of Extra Space Storage in the second quarter, valued at approximately $5.6 million. Institutional investors collectively own 99.11% of the REIT.
• Analysts maintain a mixed outlook, with seven Buy and nine Hold ratings, resulting in a consensus rating of Hold and an average price target of $148.93.
• Extra Space Storage reported quarterly EPS of $1.25, beating estimates of $1.16, while revenue rose 3.9% year over year to $874.15 million. The company also declared a quarterly dividend of $1.62, representing a 4.7% annualized yield.

Nykredit A S bought a new position in Extra Space Storage Inc (NYSE:EXR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 38,589 shares of the real estate investment trust's stock, valued at approximately $5,607,000.

Other large investors have also recently modified their holdings of the company. Reflection Asset Management bought a new position in Extra Space Storage during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage during the 1st quarter valued at $30,000. CoreCap Advisors LLC raised its holdings in shares of Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 234 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of Extra Space Storage in the 4th quarter valued at about $39,000. Institutional investors own 99.11% of the company's stock.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn McNeal sold 3,300 shares of the business's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company's stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EXR. Raymond James Financial assumed coverage on Extra Space Storage in a research report on Thursday, July 16th. They issued an "outperform" rating and a $44.00 price target for the company. Barclays raised their price target on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Mizuho reduced their price objective on Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating for the company in a research note on Wednesday, September 2nd. Scotiabank boosted their target price on shares of 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. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $160.00 price target on shares of Extra Space Storage in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $148.93.

Extra Space Storage Stock Up 0.1%

EXR opened at $139.33 on Monday. The company has a market cap of $29.44 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 4.00 and a beta of 1.16. The company has a 50-day moving average price of $146.48 and a 200 day moving average price of $143.84. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period in the previous year, the company posted $2.05 earnings per share. The business's revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage's dividend payout ratio (DPR) is 143.05%.

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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