Extra Space Storage Inc $EXR Stock Holdings Boosted by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC grew its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 18.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 47,500 shares of the real estate investment trust’s stock after acquiring an additional 7,411 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Extra Space Storage were worth $6,229,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXR. NewEdge Advisors LLC raised its position in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares in the last quarter. Empowered Funds LLC lifted its stake in Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after acquiring an additional 661 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $457,000. First Trust Advisors LP grew its holdings in shares of Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock valued at $15,954,000 after acquiring an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Extra Space Storage by 1.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXR shares. UBS Group increased their target price on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Mizuho upped their target price on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and an average price target of $153.57.

Extra Space Storage Stock Up 0.9%

NYSE:EXR traded up $1.24 during trading hours on Friday, reaching $143.92. 876,920 shares of the stock were exchanged, compared to its average volume of 1,094,788. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a 50 day moving average of $144.90 and a 200 day moving average of $141.55. The stock has a market cap of $30.40 billion, a PE ratio of 32.27, a PEG ratio of 4.46 and a beta of 1.19. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data 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 net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. During the same period in the previous year, the business earned $2.00 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts expect that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 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.