Danske Bank A S Takes $15.11 Million Position in Extra Space Storage Inc $EXR

Danske Bank A S 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 104,017 shares of the real estate investment trust’s stock, valued at approximately $15,114,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. Reflection Asset Management purchased a new position in Extra Space Storage during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage during the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC grew its stake in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 234 shares during the last quarter. Finally, DV Equities LLC acquired a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $147.53 on Friday. The stock has a fifty day moving average price of $147.37 and a 200 day moving average price of $143.74. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $158.88. The firm has a market capitalization of $31.17 billion, a P/E ratio of 32.57, a PEG ratio of 4.25 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 (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating 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 company had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same quarter in the previous year, the business earned $2.05 EPS. The firm’s revenue 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. Equities research analysts anticipate that Extra Space Storage Inc will post 8.32 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.4%. Extra Space Storage’s dividend payout ratio is 143.05%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXR. Truist Financial lifted their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Raymond James Financial initiated coverage on Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $147.87.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

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.