Jupiter Topco LLC Invests $3.85 Million in Extra Space Storage Inc $EXR

Jupiter Topco LLC purchased a new stake in Extra Space Storage Inc (NYSE:EXR) in the second quarter, Holdings Channel reports. The institutional investor purchased 26,543 shares of the real estate investment trust’s stock, valued at approximately $3,854,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Extra Space Storage in the 2nd quarter worth about $3,334,263,000. Norges Bank bought a new stake in shares of Extra Space Storage during the fourth quarter worth about $1,219,606,000. Capital International Investors grew its holdings in shares of Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after purchasing an additional 2,658,947 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Extra Space Storage in the second quarter valued at approximately $299,746,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Extra Space Storage by 900.0% in the third 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 valued at $308,348,000 after buying an additional 1,969,013 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

EXR has been the topic of several recent research reports. Raymond James Financial started coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays lifted their price target on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. UBS Group boosted their price objective on shares of 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, BMO Capital Markets raised Extra Space Storage from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $160.00 to $170.00 in a research report on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $149.13.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Stock Performance

NYSE:EXR opened at $140.03 on Wednesday. The company has a market capitalization of $29.58 billion, a PE ratio of 30.91, a P/E/G ratio of 4.05 and a beta of 1.16. The company has a 50 day simple moving average of $146.92 and a two-hundred day simple moving average of $143.96. 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 Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s 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.