OMERS ADMINISTRATION Corp Buys New Stake in Extra Space Storage Inc $EXR

Key Points

• OMERS Administration Corp. acquired 11,041 shares of Extra Space Storage in the second quarter, valued at approximately $1.6 million. Institutional investors and hedge funds collectively own 99.11% of the REIT’s outstanding shares.
• 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 guided for fiscal 2026 EPS of $8.25–$8.40.
• The company declared a quarterly dividend of $1.62 per share, equivalent to a 4.5% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $148.53.

OMERS ADMINISTRATION Corp bought a new position in Extra Space Storage Inc (NYSE:EXR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,041 shares of the real estate investment trust's stock, valued at approximately $1,604,000.

Other large investors have also modified their holdings of the company. Reflection Asset Management purchased a new position in shares of Extra Space Storage in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage during the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Extra Space Storage during the first quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in 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 worth $37,000 after purchasing an additional 234 shares during the period. Finally, DV Equities LLC acquired a new stake in shares of Extra Space Storage in the 4th quarter worth approximately $39,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $144.08 on Thursday. The company has a fifty day moving average price of $147.28 and a 200 day moving average price of $143.94. The firm has a market cap of $30.44 billion, a PE ratio of 31.81, a PEG ratio of 4.16 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 Inc has a 1-year low of $125.71 and a 1-year high of $158.88.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings data 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 during 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%.Extra Space Storage's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given 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 is Tuesday, September 15th. Extra Space Storage's payout ratio is currently 143.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXR. Mizuho boosted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, May 27th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an "outperform" rating and a $44.00 target price for the company. Scotiabank increased their price target on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a "sector perform" rating in a report on Tuesday, August 18th. UBS Group upped their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Truist Financial boosted their price objective on Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research note on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $148.53.

Insider Buying and Selling

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the 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 in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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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