Elevation Point Wealth Partners LLC Purchases Shares of 3,568 Extra Space Storage Inc $EXR

Elevation Point Wealth Partners LLC acquired a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,568 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Several other hedge funds have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its holdings in Extra Space Storage by 2.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock valued at $50,922,000 after acquiring an additional 9,492 shares in the last quarter. Norges Bank acquired a new position in Extra Space Storage during the 4th quarter worth approximately $1,219,606,000. Manning & Napier Advisors LLC grew its holdings in Extra Space Storage by 3,007.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after acquiring an additional 38,799 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Extra Space Storage by 15,978.4% in the 4th quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $1,068,000 after purchasing an additional 8,149 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Extra Space Storage by 54.8% in the 1st quarter. SG Americas Securities LLC now owns 292,159 shares of the real estate investment trust’s stock valued at $38,311,000 after purchasing an additional 103,443 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Trading Down 0.9%

Shares of Extra Space Storage stock opened at $144.94 on Wednesday. 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 fifty day simple moving average of $147.27 and a 200-day simple moving average of $143.90. The stock has a market cap of $30.62 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 4.21 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 quarterly 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. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period last year, the business earned $2.05 EPS. 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. On average, equities analysts forecast that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s payout ratio is 143.05%.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s 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 completion of the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXR. Truist Financial lifted their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Raymond James Financial began coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price target on the stock. Barclays lifted their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, July 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $160.00 price objective 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.53.

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.