Wealthfront Advisers LLC Has $9.09 Million Holdings in Extra Space Storage Inc $EXR

Wealthfront Advisers LLC increased its holdings in Extra Space Storage Inc (NYSE:EXR) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,348 shares of the real estate investment trust’s stock after purchasing an additional 6,619 shares during the period. Wealthfront Advisers LLC’s holdings in Extra Space Storage were worth $9,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pensionfund Sabic bought a new position in shares of Extra Space Storage in the 4th quarter valued at approximately $1,153,000. Nomura Asset Management Co. Ltd. lifted its holdings in Extra Space Storage by 2.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock worth $50,922,000 after purchasing an additional 9,492 shares during the last quarter. Bayhunt Capital LLC bought a new stake in Extra Space Storage during the fourth quarter worth approximately $14,650,000. Norges Bank bought a new stake in Extra Space Storage during the fourth quarter worth approximately $1,219,606,000. Finally, Manning & Napier Advisors LLC grew its holdings in Extra Space Storage by 3,007.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock valued at $5,220,000 after purchasing an additional 38,799 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $148.38 on Friday. The company has a market cap of $31.35 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 4.66 and a beta of 1.19. The business has a 50 day moving average price of $145.31 and a 200 day moving average price of $142.13. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. 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 issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate 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 business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the firm 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. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $1.62 dividend. The ex-dividend date was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company upped their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their target price for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Finally, Mizuho lifted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $146.27.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were 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. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

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.