4,638 Shares in Extra Space Storage Inc $EXR Bought by Inceptionr LLC

Inceptionr LLC purchased a new position in Extra Space Storage Inc (NYSE:EXR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,638 shares of the real estate investment trust’s stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXR. Cromwell Holdings LLC lifted its stake in shares of Extra Space Storage by 14.6% in the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 73 shares during the last quarter. Apollon Wealth Management LLC grew its position in Extra Space Storage by 1.9% during the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 75 shares during the last quarter. Brown Advisory Inc. increased its stake in Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 80 shares during the period. Manchester Capital Management LLC increased its stake in Extra Space Storage by 18.9% in the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 86 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in Extra Space Storage by 3.2% in the 1st quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 87 shares during the period. 99.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target for the company. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, UBS Group boosted their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.53.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’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 sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Price Performance

EXR opened at $147.77 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The stock has a market capitalization of $31.22 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19. The stock’s 50 day moving average price is $145.72 and its 200-day moving average price is $142.67.

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). The business had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities research analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio is presently 145.29%.

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.