Deutsche Bank AG Takes $153.98 Million Position in Extra Space Storage Inc $EXR

Deutsche Bank AG bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,059,736 shares of the real estate investment trust’s stock, valued at approximately $153,980,000. Deutsche Bank AG owned 0.50% of Extra Space Storage as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Trust Co. of Vermont purchased a new position in Extra Space Storage in the second quarter valued at approximately $85,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Extra Space Storage during the second quarter valued at approximately $102,138,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Extra Space Storage during the second quarter worth approximately $213,197,000. Global Retirement Partners LLC acquired a new stake in shares of Extra Space Storage in the second quarter worth $319,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Extra Space Storage in the second quarter worth $179,700,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXR shares. Truist Financial raised their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Wells Fargo & Company increased their price target on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, July 24th. UBS Group raised their price objective on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Royal Bank Of Canada boosted their price objective on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $147.87.

Insiders Place Their Bets

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Stock Up 0.8%

Shares of NYSE:EXR opened at $148.07 on Thursday. The company has a market capitalization of $31.28 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18. The company has a 50 day moving average of $147.43 and a two-hundred day moving average of $143.67. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous 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, analysts forecast that Extra Space Storage Inc will post 8.32 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.62 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s payout ratio is currently 143.05%.

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.