Sanctuary Advisors LLC Purchases New Holdings in Extra Space Storage Inc $EXR

Sanctuary Advisors LLC acquired a new position in Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,094 shares of the real estate investment trust’s stock, valued at approximately $3,356,000.

Several other large investors have also recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of Extra Space Storage by 9.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 291 shares during the last quarter. Empowered Funds LLC increased its holdings in Extra Space Storage by 15.5% during the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Extra Space Storage in the second quarter worth about $457,000. First Trust Advisors LP raised its position in Extra Space Storage by 184.1% in the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after acquiring an additional 70,115 shares during the period. Finally, Brown Advisory Inc. boosted 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 acquiring an additional 80 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were 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 $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $144.94 on Wednesday. The firm has a market capitalization of $30.62 billion, a P/E ratio of 32.00, a PEG ratio of 4.21 and a beta of 1.18. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $158.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. The business has a fifty day moving average price of $147.27 and a 200-day moving average price of $143.90.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts forecast that Extra Space Storage Inc will post 8.32 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s payout ratio is currently 143.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EXR shares. Wells Fargo & Company raised their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Scotiabank upped their price objective on Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada increased their price objective on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Truist Financial raised their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 target price on shares of Extra Space Storage in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.53.

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.