BNP Paribas Financial Markets Boosts Holdings in Extra Space Storage Inc $EXR

BNP Paribas Financial Markets raised its position in shares of Extra Space Storage Inc (NYSE:EXR) by 18.5% during the fourth quarter, HoldingsChannel reports. The fund owned 437,042 shares of the real estate investment trust’s stock after acquiring an additional 68,254 shares during the quarter. BNP Paribas Financial Markets’ holdings in Extra Space Storage were worth $56,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avalon Trust Co purchased a new position in shares of Extra Space Storage during the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage in the 3rd quarter worth about $28,000. Rosenberg Matthew Hamilton raised its position in Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 92 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its stake in Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 1.3%

EXR opened at $142.18 on Wednesday. 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’s fifty day moving average is $139.34 and its two-hundred day moving average is $138.53. The company has a market capitalization of $30.04 billion, a P/E ratio of 31.88, a PEG ratio of 4.56 and a beta of 1.20. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly 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 return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the company posted $2.00 EPS. Extra Space Storage’s quarterly 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. Analysts forecast that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s dividend payout ratio is 145.29%.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at $9,447,609.60. This represents a 10.14% decrease in their position. 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial cut their target price on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Scotiabank upped their price objective on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Barclays increased their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.29.

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.