Fairtree Asset Management Pty Ltd Invests $838,000 in Extra Space Storage Inc $EXR

Fairtree Asset Management Pty Ltd acquired a new position in shares of Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,768 shares of the real estate investment trust’s stock, valued at approximately $838,000.

Other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management purchased a new position in Extra Space Storage in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extra Space Storage during the 3rd quarter valued at about $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Extra Space Storage in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC increased 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 buying an additional 234 shares during the last quarter. Finally, DV Equities LLC acquired a new position in Extra Space Storage in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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 research report on Wednesday, May 27th. UBS Group raised their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Royal Bank Of Canada lifted their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Scotiabank increased their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $147.87.

Extra Space Storage Price Performance

NYSE EXR opened at $147.53 on Friday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88. The company has a fifty day simple moving average of $147.37 and a 200 day simple moving average of $143.74. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The company has a market cap of $31.17 billion, a P/E ratio of 32.57, a P/E/G ratio of 4.25 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, sell-side analysts predict that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president directly owned 37,374 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

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.