Chiron Capital Management LLC Invests $578,000 in Extra Space Storage Inc $EXR

Chiron Capital Management LLC bought a new position in Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, Holdings Channel reports. The fund bought 4,101 shares of the real estate investment trust’s stock, valued at approximately $578,000.

Other hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia raised its position in Extra Space Storage by 79.4% during the 3rd quarter. Bank of Nova Scotia now owns 49,690 shares of the real estate investment trust’s stock valued at $7,003,000 after purchasing an additional 21,985 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Extra Space Storage by 55.9% in the 3rd quarter. Alliancebernstein L.P. now owns 956,602 shares of the real estate investment trust’s stock worth $134,823,000 after buying an additional 343,081 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Extra Space Storage by 13.4% during the third quarter. Ameriprise Financial Inc. now owns 410,741 shares of the real estate investment trust’s stock valued at $55,038,000 after buying an additional 48,412 shares during the period. Creative Planning increased its stake in shares of Extra Space Storage by 33.9% during the third quarter. Creative Planning now owns 33,193 shares of the real estate investment trust’s stock valued at $4,678,000 after buying an additional 8,409 shares during the period. Finally, FJ Capital Management LLC raised its holdings in shares of Extra Space Storage by 86.8% during the third quarter. FJ Capital Management LLC now owns 9,758 shares of the real estate investment trust’s stock valued at $1,375,000 after acquiring an additional 4,533 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.8%

NYSE EXR opened at $141.34 on Friday. The firm has a market capitalization of $29.84 billion, a PE ratio of 30.73, a P/E/G ratio of 2.84 and a beta of 1.24. The stock’s 50 day moving average is $143.43 and its 200 day moving average is $139.80. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $155.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The business had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Analyst Upgrades and Downgrades

EXR has been the subject of a number of research analyst reports. Barclays raised their price target on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Scotiabank boosted their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Mizuho upped their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Wells Fargo & Company dropped their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.13.

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.