Sanctuary Advisors LLC Invests $3.36 Million in Extra Space Storage Inc $EXR

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

Several other institutional investors also recently modified their holdings of EXR. BlackRock Inc. bought a new stake in Extra Space Storage during the second quarter valued at approximately $3,334,263,000. Cohen & Steers Inc. increased its holdings in shares of Extra Space Storage by 13.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares during the last quarter. State Street Corp increased its holdings in shares of Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares during the last quarter. Norges Bank bought a new position in shares of Extra Space Storage in the 4th quarter worth $1,219,606,000. Finally, Capital International Investors raised its position in shares of Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after buying an additional 2,658,947 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 0.9%

Shares of NYSE:EXR opened at $144.94 on Wednesday. The stock has a market capitalization of $30.62 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 4.21 and a beta of 1.18. The stock’s 50-day moving average price is $147.27 and its 200-day moving average price is $143.90. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $158.88.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.Extra Space Storage’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities analysts anticipate that Extra Space Storage Inc will post 8.32 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXR. Royal Bank Of Canada lifted their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price target for the company from $147.00 to $156.00 in a research report on Tuesday, June 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th. Mizuho upped their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, 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 research report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $148.53.

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.