Cibc World Market Inc. Purchases Shares of 102,385 Extra Space Storage Inc $EXR

Cibc World Market Inc. purchased a new position in Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 102,385 shares of the real estate investment trust’s stock, valued at approximately $14,877,000.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its position in shares of Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 75 shares during the period. Brown Advisory Inc. grew its stake in Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 80 shares during the last quarter. Manchester Capital Management LLC grew its stake in Extra Space Storage by 18.9% during the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 86 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Extra Space Storage by 3.2% in the first quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 87 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 92 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EXR. Mizuho lifted their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Truist Financial increased their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Barclays lifted their price objective 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. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $160.00 target price on shares of Extra Space Storage in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $148.53.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 0.4%

Shares of EXR stock opened at $146.28 on Tuesday. The stock has a 50 day moving average of $147.30 and a 200 day moving average of $143.88. 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 stock has a market cap of $30.91 billion, a P/E ratio of 32.29, a P/E/G ratio of 4.22 and a beta of 1.18. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data 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 business had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts expect that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Announces Dividend

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

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.