Wealthfront Advisers LLC Makes New Investment in Extra Space Storage Inc $EXR

Wealthfront Advisers LLC acquired a new stake in shares of Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 73,675 shares of the real estate investment trust’s stock, valued at approximately $10,705,000.

Other hedge funds have also recently modified their holdings of the company. Auxano Advisors LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth about $236,000. BlackRock Inc. purchased a new position in Extra Space Storage during the 2nd quarter valued at about $3,334,263,000. Deutsche Bank AG bought a new stake in Extra Space Storage during the second quarter worth about $153,980,000. Trust Co. of Vermont bought a new stake in Extra Space Storage during the second quarter worth about $85,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Extra Space Storage in the second quarter worth about $102,138,000. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXR shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 target price on shares of Extra Space Storage in a research note on Thursday, July 30th. Truist Financial boosted their price target 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. Wells Fargo & Company upped their price target on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Mizuho raised their price objective on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $147.87.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $148.07 on Thursday. 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 is $147.43 and its 200 day moving average is $143.67. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 4.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. Extra Space Storage’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts anticipate that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 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 is presently 143.05%.

About Extra Space Storage

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.