Eurizon Capital SGR S.p.A. Makes New Investment in Extra Space Storage Inc $EXR

Eurizon Capital SGR S.p.A. bought a new position in Extra Space Storage Inc (NYSE:EXR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,230 shares of the real estate investment trust’s stock, valued at approximately $1,464,000.

Several other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC increased its position in shares of Extra Space Storage by 14.6% during the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 73 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Extra Space Storage by 5.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 80 shares during the last quarter. Brown Advisory Inc. increased its position 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 purchasing an additional 80 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Extra Space Storage by 2.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 88 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Extra Space Storage by 39.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 92 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on EXR. JPMorgan Chase & Co. increased their price objective on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. UBS Group increased their price objective on Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Scotiabank increased 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. Finally, BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $152.29.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, 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 SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

Extra Space Storage Trading Up 1.3%

Shares of EXR stock opened at $142.18 on Wednesday. The stock has a market capitalization of $30.04 billion, a PE ratio of 31.88, a P/E/G ratio of 4.56 and a beta of 1.20. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The business has a 50-day moving average of $139.34 and a 200 day moving average of $138.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 anticipate that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Extra Space Storage Company 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.