Inceptionr LLC Makes New $608,000 Investment in Extra Space Storage Inc $EXR

Inceptionr LLC purchased a new stake in Extra Space Storage Inc (NYSE:EXR) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,638 shares of the real estate investment trust’s stock, valued at approximately $608,000.

A number of other institutional investors have also recently bought and sold shares of EXR. Nomura Asset Management Co. Ltd. raised 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 valued at $50,922,000 after acquiring an additional 9,492 shares in the last quarter. Bayhunt Capital LLC bought a new position in shares of Extra Space Storage in the 4th quarter valued at $14,650,000. Norges Bank acquired a new position in shares of Extra Space Storage during the 4th quarter worth $1,219,606,000. Manning & Napier Advisors LLC lifted its holdings in shares of Extra Space Storage by 3,007.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after acquiring an additional 38,799 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Extra Space Storage by 15,978.4% during the 4th quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock worth $1,068,000 after purchasing an additional 8,149 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXR. UBS Group raised their price objective on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. Wells Fargo & Company increased their price objective on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial upped their price target on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Finally, Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $146.53.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Trading Up 1.6%

EXR opened at $147.77 on Friday. The company has a fifty day moving average price of $145.72 and a two-hundred day moving average price of $142.67. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market cap of $31.22 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data 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 net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the prior year, the firm earned $2.00 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio is currently 145.29%.

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.