78,488 Shares in Extra Space Storage Inc $EXR Purchased by Man Group plc

Man Group plc bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 78,488 shares of the real estate investment trust’s stock, valued at approximately $11,404,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXR. Reflection Asset Management purchased a new position in Extra Space Storage in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage during the 3rd quarter valued at $28,000. Cassaday & Co Wealth Management LLC purchased a new stake in Extra Space Storage during the first quarter valued at $30,000. CoreCap Advisors LLC lifted its stake in shares of Extra Space Storage by 975.0% in the 2nd 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 period. Finally, DV Equities LLC bought a new position in Extra Space Storage in the fourth quarter worth approximately $39,000. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets raised Extra Space Storage from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $160.00 to $170.00 in a research note on Thursday. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Mizuho increased their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Extra Space Storage in a report on Thursday, July 30th. Finally, UBS Group raised their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $149.20.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $142.93 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average is $147.18 and its 200 day moving average is $143.95. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 4.10 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. During the same period last year, the company earned $2.05 EPS. Extra Space Storage’s quarterly revenue was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts predict that Extra Space Storage Inc will post 8.33 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction 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 the SEC website. 0.96% of the stock is owned by 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.