Ceredex Value Advisors LLC Takes $22.22 Million Position in Extra Space Storage Inc $EXR

Ceredex Value Advisors LLC acquired a new position in Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 152,900 shares of the real estate investment trust’s stock, valued at approximately $22,216,000. Ceredex Value Advisors LLC owned 0.07% of Extra Space Storage at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXR. BlackRock Inc. purchased a new position in Extra Space Storage in the second quarter worth about $3,334,263,000. Cohen & Steers Inc. increased its position in shares of Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after purchasing an additional 1,888,763 shares during the last quarter. State Street Corp increased its position in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after purchasing an additional 230,697 shares during the last quarter. Norges Bank bought a new position in shares of Extra Space Storage in the 4th quarter worth approximately $1,219,606,000. Finally, Capital International Investors lifted its stake in shares of Extra Space Storage by 73.9% in the 4th 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 period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 0.3%

EXR stock opened at $147.53 on Friday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a market cap of $31.17 billion, a P/E ratio of 32.57, a PEG ratio of 4.25 and a beta of 1.18. The business’s 50-day moving average price is $147.37 and its 200-day moving average price is $143.74.

Extra Space Storage (NYSE:EXR) last released its 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. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. During the same period in the prior year, the firm posted $2.05 EPS. The firm’s quarterly revenue 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 research analysts forecast that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid 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 dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio is 143.05%.

Analysts Set New Price Targets

EXR has been the subject of several recent research reports. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Raymond James Financial started coverage on shares of Extra Space Storage in a report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. 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 equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.87.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were 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 $5,606,100. This trade 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 this hyperlink. 0.96% of the stock is currently owned by company insiders.

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.