6,141 Shares in Extra Space Storage Inc $EXR Acquired by Capital Square LLC

Capital Square LLC bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, HoldingsChannel.com reports. The firm bought 6,141 shares of the real estate investment trust’s stock, valued at approximately $884,000.

Other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its stake in shares of Extra Space Storage by 1.9% in the first quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 75 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Extra Space Storage by 18.9% during the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 86 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in shares of Extra Space Storage by 3.2% during the 1st quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 87 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Extra Space Storage by 39.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $146.97 on Monday. The firm has a market cap of $31.05 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 4.22 and a beta of 1.18. The firm has a fifty day moving average price of $147.31 and a 200 day moving average price of $143.82. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate 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 for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts expect that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s payout ratio is 143.05%.

Insider Activity

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXR shares. Truist Financial increased their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Mizuho boosted 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. Royal Bank Of Canada upped their price objective on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Raymond James Financial assumed coverage on Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Barclays lifted their target price on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $147.71.

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.