SG Americas Securities LLC Has $38.31 Million Stock Position in Extra Space Storage Inc $EXR

SG Americas Securities LLC lifted its holdings in Extra Space Storage Inc (NYSE:EXR) by 54.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,159 shares of the real estate investment trust’s stock after acquiring an additional 103,443 shares during the period. SG Americas Securities LLC’s holdings in Extra Space Storage were worth $38,311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Avalon Trust Co acquired a new stake in Extra Space Storage in the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $28,000. Reflection Asset Management bought a new position in shares of Extra Space Storage during the fourth quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its holdings in shares of Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the period. Finally, DV Equities LLC acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at approximately $39,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $148.05 on Wednesday. The company’s 50 day moving average price is $143.71 and its two-hundred day moving average price is $140.18. The firm has a market capitalization of $31.28 billion, a P/E ratio of 33.20, a P/E/G ratio of 4.52 and a beta of 1.20. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Insider Buying and Selling 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 transaction of $495,000.00. Following the sale, 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 SEC, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price target on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Wells Fargo & Company upped their target price on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Scotiabank raised their price target on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $153.07.

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.