19,704 Shares in Extra Space Storage Inc $EXR Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought 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 and Exchange Commission (SEC). The institutional investor bought 19,704 shares of the real estate investment trust’s stock, valued at approximately $2,922,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Extra Space Storage during the second quarter worth approximately $3,334,263,000. Cohen & Steers Inc. boosted its stake in shares of Extra Space Storage by 13.4% in 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 in the last quarter. State Street Corp boosted its stake in shares of Extra Space Storage by 1.7% in 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 in the last quarter. Norges Bank bought a new position in shares of Extra Space Storage during the 4th quarter valued at $1,219,606,000. Finally, Capital International Investors grew its holdings in shares of Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after purchasing an additional 2,658,947 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Weiss Ratings raised Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. UBS Group lifted their price objective on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company boosted their target price on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Raymond James Financial started coverage on Extra Space Storage in a report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $147.87.

Insider Transactions at Extra Space Storage

In related 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 transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was 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 link. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock opened at $147.24 on Wednesday. The firm has a market cap of $31.11 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.26 and a beta of 1.18. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-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 company’s fifty day simple moving average is $147.47 and its two-hundred day simple moving average is $143.60.

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

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.