Nykredit A S Buys Shares of 38,589 Extra Space Storage Inc $EXR

Nykredit A S acquired a new position in Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 38,589 shares of the real estate investment trust’s stock, valued at approximately $5,607,000.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extra Space Storage during the third quarter worth about $28,000. Reflection Asset Management purchased a new stake in shares of Extra Space Storage during the 4th quarter worth $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in Extra Space Storage during the 1st quarter worth about $30,000. CoreCap Advisors LLC lifted its stake in Extra Space Storage by 975.0% during the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 234 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Transactions at Extra Space Storage

In other news, EVP Gwyn McNeal sold 3,300 shares of the firm’s 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

EXR has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, July 30th. Weiss Ratings raised shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Scotiabank boosted their price objective on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Finally, Barclays upped their target price on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.93.

Extra Space Storage Stock Up 0.1%

Shares of NYSE EXR opened at $139.33 on Monday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88. The firm’s 50 day moving average price is $146.48 and its 200 day moving average price is $143.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $29.44 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 4.00 and a beta of 1.16.

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, beating the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts anticipate that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business 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 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 dividend yield of 4.7%. Extra Space Storage’s payout ratio is currently 143.05%.

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.