Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Extra Space Storage Inc $EXR

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Extra Space Storage Inc (NYSE:EXR) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,969 shares of the real estate investment trust’s stock after buying an additional 7,780 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Extra Space Storage were worth $5,726,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Avalon Trust Co purchased a new position in Extra Space Storage in the third quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Extra Space Storage in the third quarter valued at $28,000. Versant Capital Management Inc increased its holdings in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Davis Capital Management purchased a new position in Extra Space Storage in the third quarter valued at $35,000. Finally, Rosenberg Matthew Hamilton increased its holdings in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $146.88 on Tuesday. The stock’s 50-day moving average is $141.01 and its two-hundred day moving average is $138.53. The firm has a market cap of $31.02 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.92 and a beta of 1.26. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts predict that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, March 16th. 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 currently 140.87%.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday. Truist Financial raised their price objective on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. BNP Paribas Exane raised Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Finally, Barclays raised their price objective on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.67.

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.