Extra Space Storage Inc $EXR is Ruffer LLP’s 10th Largest Position

Ruffer LLP boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 14.4% in the fourth quarter, HoldingsChannel reports. The fund owned 385,535 shares of the real estate investment trust’s stock after purchasing an additional 48,593 shares during the quarter. Extra Space Storage makes up 2.3% of Ruffer LLP’s portfolio, making the stock its 10th largest position. Ruffer LLP’s holdings in Extra Space Storage were worth $50,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its position in Extra Space Storage by 14.6% during the fourth quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 73 shares during the last quarter. Versant Capital Management Inc lifted its position in Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in Extra Space Storage by 5.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 80 shares during the last quarter. Brown Advisory Inc. lifted its position in Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in Extra Space Storage by 2.9% during the third quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

EXR has been the subject of a number of analyst reports. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a research report on Wednesday, March 18th. Scotiabank raised their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Royal Bank Of Canada raised their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Truist Financial raised their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Finally, Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.67.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by insiders.

Extra Space Storage Trading Down 2.1%

NYSE EXR opened at $143.92 on Wednesday. The company has a fifty day simple moving average of $141.07 and a two-hundred day simple moving average of $138.54. The stock has a market cap of $30.40 billion, a P/E ratio of 31.29, a P/E/G ratio of 2.95 and a beta of 1.26. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92.

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

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $1.62 dividend. The ex-dividend date was Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio is presently 140.87%.

Extra Space Storage 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.