Capital Square LLC Purchases New Position in Extra Space Storage Inc $EXR

Capital Square LLC acquired a new stake in Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,141 shares of the real estate investment trust’s stock, valued at approximately $884,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Extra Space Storage in the 2nd quarter worth $3,334,263,000. Cohen & Steers Inc. lifted its holdings in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after purchasing an additional 1,888,763 shares in the last quarter. State Street Corp boosted its position in shares of Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after buying an additional 230,697 shares during the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage during the fourth quarter valued at $1,219,606,000. Finally, Capital International Investors increased its holdings in Extra Space Storage by 73.9% in 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 in the last quarter. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

EXR opened at $146.97 on Monday. The company’s 50 day moving average is $147.31 and its 200 day moving average is $143.82. 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 $31.05 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 4.22 and a beta of 1.18. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $158.88.

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, beating 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 during the quarter, compared to analysts’ expectations of $874.99 million. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’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. On average, equities research analysts predict that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is 143.05%.

Analyst Ratings Changes

A number of research analysts recently weighed in on EXR shares. Mizuho increased their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Barclays boosted their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Royal Bank Of Canada increased their price target on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. UBS Group raised their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Truist Financial lifted their price objective on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and an average price target of $147.71.

Insider Buying and Selling

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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.