Jefferies Financial Group Inc. Purchases 5,074 Shares of Extra Space Storage Inc $EXR

Jefferies Financial Group Inc. boosted its position in Extra Space Storage Inc (NYSE:EXR) by 116.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,414 shares of the real estate investment trust’s stock after purchasing an additional 5,074 shares during the period. Jefferies Financial Group Inc.’s holdings in Extra Space Storage were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EXR. Avalon Trust Co bought a new stake in Extra Space Storage in the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage in the 3rd quarter worth about $28,000. Rosenberg Matthew Hamilton grew its position in Extra Space Storage by 442.9% in the 4th 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 in the last quarter. Creative Financial Designs Inc. ADV grew its position in Extra Space Storage by 39.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 92 shares in the last quarter. Finally, Logan Capital Management Inc. grew its position in Extra Space Storage by 313.7% in the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Scotiabank increased their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Truist Financial reduced their target price on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $151.86.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

NYSE EXR opened at $145.99 on Friday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year 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. The stock has a market capitalization of $30.84 billion, a PE ratio of 32.73, a P/E/G ratio of 4.70 and a beta of 1.22. The company’s 50 day simple moving average is $139.08 and its two-hundred day simple moving average is $138.38.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts predict that Extra Space Storage Inc will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

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

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.