Daiichi Life Insurance Co. Ltd. Acquires New Holdings in Extra Space Storage Inc $EXR

Daiichi Life Insurance Co. Ltd. acquired a new position in Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,000 shares of the real estate investment trust’s stock, valued at approximately $581,000.

Several other institutional investors have also bought and sold shares of the stock. Reflection Asset Management acquired a new position in Extra Space Storage during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage during the 3rd quarter worth about $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Extra Space Storage in the 1st quarter worth approximately $30,000. CoreCap Advisors LLC lifted its stake in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 234 shares during the period. Finally, DV Equities LLC bought a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXR. UBS Group raised their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, July 30th. Raymond James Financial began coverage on Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target for the company. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Scotiabank boosted their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $148.53.

Extra Space Storage Stock Performance

EXR opened at $146.28 on Tuesday. The firm has a market cap of $30.91 billion, a PE ratio of 32.29, a P/E/G 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 business has a fifty day simple moving average of $147.30 and a 200-day simple moving average of $143.88. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88.

Extra Space Storage (NYSE:EXR) last announced its 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 company 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 firm earned $2.05 earnings per share. Extra Space Storage’s revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts predict that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Extra Space Storage Company 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.