Nykredit A S Buys New Stake in Extra Space Storage Inc $EXR

Nykredit A S bought a new position in Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 38,589 shares of the real estate investment trust’s stock, valued at approximately $5,607,000.

Other large investors have also recently modified their holdings of the company. Reflection Asset Management bought a new position in Extra Space Storage during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage during the 1st quarter valued at $30,000. CoreCap Advisors LLC raised its holdings in shares of Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 234 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of Extra Space Storage in the 4th quarter valued at about $39,000. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn McNeal sold 3,300 shares of the business’s stock in a transaction 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. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EXR. Raymond James Financial assumed coverage on Extra Space Storage in a research report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price target for the company. Barclays raised their price target on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Mizuho reduced their price objective on Extra Space Storage from $155.00 to $152.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Scotiabank boosted their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $148.93.

Extra Space Storage Stock Up 0.1%

EXR opened at $139.33 on Monday. The company has a market cap of $29.44 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 4.00 and a beta of 1.16. The company has a 50-day moving average price of $146.48 and a 200 day moving average price of $143.84. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results 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. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period in the previous year, the company posted $2.05 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

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 paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.

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.