Oppenheimer Asset Management Inc. Buys Shares of 16,919 Extra Space Storage Inc $EXR

Oppenheimer Asset Management Inc. bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,919 shares of the real estate investment trust’s stock, valued at approximately $2,458,000.

Other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in Extra Space Storage by 2.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock worth $50,922,000 after purchasing an additional 9,492 shares in the last quarter. Norges Bank purchased a new position in shares of Extra Space Storage during the fourth quarter worth $1,219,606,000. Manning & Napier Advisors LLC grew its stake in shares of Extra Space Storage by 3,007.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock valued at $5,220,000 after buying an additional 38,799 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Extra Space Storage by 15,978.4% in the fourth quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $1,068,000 after buying an additional 8,149 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Extra Space Storage by 54.8% in the 1st quarter. SG Americas Securities LLC now owns 292,159 shares of the real estate investment trust’s stock valued at $38,311,000 after buying an additional 103,443 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is owned by corporate insiders.

Extra Space Storage Stock Up 0.1%

Shares of NYSE EXR opened at $147.98 on Monday. The stock has a market cap of $31.26 billion, a P/E ratio of 32.67, a PEG ratio of 4.26 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $158.88. The business’s fifty day simple moving average is $147.45 and its 200-day simple moving average is $143.48.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same period in the previous year, the firm posted $2.05 EPS. Extra Space Storage’s revenue for the quarter was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts predict that Extra Space Storage Inc will post 8.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EXR shares. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Raymond James Financial started coverage on Extra Space Storage in a research report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price for the company. Wells Fargo & Company increased their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group raised 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 note on Friday, July 10th. Finally, Bank of America upgraded shares of 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. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $147.73.

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.