8,324 Shares in Extra Space Storage Inc $EXR Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,324 shares of the real estate investment trust’s stock, valued at approximately $1,209,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Extra Space Storage in the second quarter valued at $3,334,263,000. Norges Bank bought a new position in shares of Extra Space Storage in the fourth quarter valued at about $1,219,606,000. Capital International Investors lifted its stake in shares of Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after buying an additional 2,658,947 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Extra Space Storage by 900.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock worth $308,348,000 after buying an additional 1,969,013 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Mizuho boosted their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Barclays upped their target price on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Scotiabank increased their target price on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average target price of $148.53.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Down 0.9%

Shares of Extra Space Storage stock opened at $144.94 on Wednesday. The firm has a 50-day moving average of $147.27 and a 200-day moving average of $143.90. The stock has a market cap of $30.62 billion, a PE ratio of 32.00, a PEG ratio of 4.21 and a beta of 1.18. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period last year, the firm earned $2.05 earnings per share. Extra Space Storage’s revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.32 EPS for the current 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 given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is presently 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.