Elevation Point Wealth Partners LLC Has $11.26 Million Stock Position in Extra Space Storage Inc $EXR

Elevation Point Wealth Partners LLC lessened its stake in Extra Space Storage Inc (NYSE:EXR) by 23.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,870 shares of the real estate investment trust’s stock after selling 26,614 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Extra Space Storage were worth $11,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXR. Keybank National Association OH boosted its position in shares of Extra Space Storage by 19.5% during the first quarter. Keybank National Association OH now owns 8,154 shares of the real estate investment trust’s stock worth $1,069,000 after purchasing an additional 1,332 shares in the last quarter. USS Investment Management Ltd raised its stake in Extra Space Storage by 3.4% during the 1st quarter. USS Investment Management Ltd now owns 48,022 shares of the real estate investment trust’s stock worth $6,297,000 after buying an additional 1,585 shares during the period. IFM Investors Pty Ltd lifted its holdings in Extra Space Storage by 2.1% during the first quarter. IFM Investors Pty Ltd now owns 75,909 shares of the real estate investment trust’s stock worth $9,954,000 after acquiring an additional 1,530 shares in the last quarter. MQS Management LLC bought a new position in Extra Space Storage during the first quarter worth about $248,000. Finally, Premier Path Wealth Partners LLC grew its stake in Extra Space Storage by 32.7% in the first quarter. Premier Path Wealth Partners LLC now owns 2,400 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 592 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 1.4%

Shares of NYSE:EXR opened at $149.29 on Friday. The company’s 50-day moving average price is $144.36 and its two-hundred day moving average price is $141.02. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $31.54 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 4.56 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. During the same period in the prior year, the firm posted $2.00 EPS. Extra Space Storage’s revenue 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. On average, equities analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $1.62 per share. The ex-dividend date was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXR shares. Bank of America upgraded 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. Mizuho raised their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Finally, Wells Fargo & Company increased their target price on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $153.07.

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.