Osmosis Investment Management UK Ltd Makes New Investment in Extra Space Storage Inc $EXR

Osmosis Investment Management UK Ltd purchased a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,358 shares of the real estate investment trust’s stock, valued at approximately $924,000.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. bought a new position in Extra Space Storage in the 2nd quarter worth approximately $3,334,263,000. Cohen & Steers Inc. raised its position in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after buying an additional 1,888,763 shares during the last quarter. State Street Corp lifted its holdings in shares of Extra Space Storage by 1.7% in the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares in the last quarter. Norges Bank purchased a new position in shares of Extra Space Storage in the fourth quarter worth $1,219,606,000. Finally, Capital International Investors boosted its position in shares of Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after acquiring an additional 2,658,947 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction that occurred 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 owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

Extra Space Storage Trading Down 0.4%

EXR stock opened at $146.28 on Tuesday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The stock has a market capitalization of $30.91 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $147.30 and its two-hundred day simple moving average is $143.88.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, analysts anticipate that Extra Space Storage Inc will post 8.32 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXR. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Wells Fargo & Company raised their price objective on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $160.00 target price on shares of Extra Space Storage in a report on Monday. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $148.53.

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.