104,017 Shares in Extra Space Storage Inc $EXR Acquired by Danske Bank A S

Danske Bank A S purchased a new stake in Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 104,017 shares of the real estate investment trust’s stock, valued at approximately $15,114,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in Extra Space Storage during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage in the 1st quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in shares of Extra Space Storage by 975.0% during the 2nd 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 acquired a new position in shares of Extra Space Storage during the 4th quarter valued at $39,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on EXR shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, July 30th. Scotiabank raised their target price on Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a report on Tuesday. Wells Fargo & Company upped their price target on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Raymond James Financial started coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Finally, UBS Group raised their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.87.

Insider Buying and Selling

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

Extra Space Storage Price Performance

Shares of EXR stock opened at $147.53 on Friday. The firm has a fifty day moving average of $147.37 and a two-hundred day moving average of $143.74. The firm has a market cap of $31.17 billion, a P/E ratio of 32.57, a P/E/G ratio of 4.25 and a beta of 1.18. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $158.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts anticipate that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

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