Wealthfront Advisers LLC Has $9.09 Million Stock Position in Extra Space Storage Inc $EXR

Wealthfront Advisers LLC lifted its position in Extra Space Storage Inc (NYSE:EXR) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,348 shares of the real estate investment trust’s stock after acquiring an additional 6,619 shares during the period. Wealthfront Advisers LLC’s holdings in Extra Space Storage were worth $9,094,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at approximately $28,000. Reflection Asset Management purchased a new position in Extra Space Storage during the 4th quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its stake in Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 217 shares during the period. DV Equities LLC acquired a new stake in Extra Space Storage during the 4th quarter valued at $39,000. Finally, Logan Capital Management Inc. raised its stake in Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Down 1.3%

Extra Space Storage stock opened at $148.38 on Friday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $31.35 billion, a P/E ratio of 33.27, a P/E/G ratio of 4.66 and a beta of 1.19. The company’s fifty day simple moving average is $145.31 and its 200-day simple moving average is $142.13.

Extra Space Storage (NYSE:EXR) last announced 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). The firm had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared 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 of this dividend was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Truist Financial raised their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Raymond James Financial began coverage on Extra Space Storage in a research note on Thursday. They issued an “outperform” rating and a $44.00 price objective for the company. UBS Group raised their price objective on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price objective on 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, Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $146.27.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s 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. The trade was a 8.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

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.