Daiwa Securities Group Inc. Acquires 186,562 Shares of Extra Space Storage Inc $EXR

Daiwa Securities Group Inc. grew its holdings in Extra Space Storage Inc (NYSE:EXR) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,776,654 shares of the real estate investment trust’s stock after acquiring an additional 186,562 shares during the period. Extra Space Storage accounts for approximately 1.2% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Daiwa Securities Group Inc.’s holdings in Extra Space Storage were worth $361,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Cibc World Market Inc. lifted its position in shares of Extra Space Storage by 19.4% in the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock worth $26,900,000 after purchasing an additional 30,983 shares during the period. Metis Global Partners LLC increased its position in shares of Extra Space Storage by 28.4% during the third quarter. Metis Global Partners LLC now owns 54,950 shares of the real estate investment trust’s stock valued at $7,745,000 after buying an additional 12,145 shares during the period. Centersquare Investment Management LLC raised its stake in Extra Space Storage by 8.4% in the third quarter. Centersquare Investment Management LLC now owns 2,920,697 shares of the real estate investment trust’s stock worth $411,643,000 after buying an additional 227,289 shares in the last quarter. Pensionfund Sabic bought a new position in Extra Space Storage in the fourth quarter worth about $1,153,000. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Extra Space Storage by 27.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock worth $340,152,000 after buying an additional 526,163 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research report on Thursday, February 5th. Barclays raised their target price on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. lifted their price target on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Mizuho upped their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $152.29.

Extra Space Storage Price Performance

Shares of EXR opened at $145.87 on Friday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The firm’s 50-day simple moving average is $140.13 and its two-hundred day simple moving average is $138.77. The stock has a market cap of $30.82 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 4.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.