Goldman Sachs Group Inc. Boosts Stock Holdings in Extra Space Storage Inc $EXR

Goldman Sachs Group Inc. boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,281,558 shares of the real estate investment trust’s stock after acquiring an additional 135,558 shares during the period. Goldman Sachs Group Inc.’s holdings in Extra Space Storage were worth $297,105,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EXR. Cibc World Market Inc. lifted its stake in shares of Extra Space Storage by 19.4% in the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after purchasing an additional 30,983 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Extra Space Storage by 28.4% in the 3rd quarter. Metis Global Partners LLC now owns 54,950 shares of the real estate investment trust’s stock valued at $7,745,000 after purchasing an additional 12,145 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Extra Space Storage by 8.4% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,920,697 shares of the real estate investment trust’s stock valued at $411,643,000 after purchasing an additional 227,289 shares during the last quarter. Pensionfund Sabic acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at $1,153,000. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Extra Space Storage by 27.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after purchasing an additional 526,163 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Barclays boosted their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Scotiabank boosted their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $152.29.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Stock Performance

NYSE:EXR opened at $145.34 on Friday. The firm’s 50-day moving average is $140.43 and its 200-day moving average is $138.81. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 4.74 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data 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 company had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous year, the firm posted $2.00 EPS. 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. Equities research analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. Extra Space Storage’s payout ratio is presently 145.29%.

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.