Brookstone Capital Management Has $9.13 Million Stake in Extra Space Storage Inc $EXR

Brookstone Capital Management trimmed its stake in Extra Space Storage Inc (NYSE:EXR) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,627 shares of the real estate investment trust’s stock after selling 4,983 shares during the period. Brookstone Capital Management’s holdings in Extra Space Storage were worth $9,130,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in Extra Space Storage during the fourth quarter worth $26,000. Avalon Trust Co acquired a new stake in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Rosenberg Matthew Hamilton grew its holdings in shares of Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Finally, DV Equities LLC bought a new stake in shares of Extra Space Storage in the 4th quarter worth about $39,000. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Price Performance

Shares of EXR stock opened at $146.03 on Tuesday. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19. The stock has a market capitalization of $30.85 billion, a PE ratio of 32.74, a PEG ratio of 4.50 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. The stock’s fifty day moving average is $143.52 and its 200-day moving average is $140.07.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business’s quarterly revenue 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. Equities research analysts expect that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EXR shares. Wells Fargo & Company increased their target price on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Barclays boosted their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Scotiabank lifted their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.07.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated 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 directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.