152,900 Shares in Extra Space Storage Inc $EXR Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 152,900 shares of the real estate investment trust’s stock, valued at approximately $22,216,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Extra Space Storage in the 2nd quarter worth approximately $3,334,263,000. Cohen & Steers Inc. lifted its holdings in shares of Extra Space Storage by 13.4% in the fourth 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 in the last quarter. State Street Corp lifted its holdings in shares of Extra Space Storage by 1.7% in the third 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 in the last quarter. Norges Bank bought a new position in shares of Extra Space Storage during the fourth quarter worth $1,219,606,000. Finally, Capital International Investors boosted its position in shares of Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after acquiring an additional 2,658,947 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXR has been the subject of several research analyst reports. Barclays raised their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Mizuho increased their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Royal Bank Of Canada raised their price objective on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. UBS Group lifted their target price on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Scotiabank boosted their target price on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.87.

Insider Activity at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was 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 in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Down 0.3%

EXR stock opened at $147.53 on Friday. The firm has a fifty day moving average price of $147.37 and a 200 day moving average price of $143.74. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88. The firm has a market cap of $31.17 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 4.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Extra Space Storage’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 anticipate that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued 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 dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is presently 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.