Kestra Private Wealth Services LLC Purchases 6,145 Shares of Extra Space Storage Inc $EXR

Kestra Private Wealth Services LLC raised its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 256.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,541 shares of the real estate investment trust’s stock after purchasing an additional 6,145 shares during the period. Kestra Private Wealth Services LLC’s holdings in Extra Space Storage were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXR. Cibc World Market Inc. lifted its stake in Extra Space Storage by 19.4% during the third 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 in the last quarter. Thrivent Financial for Lutherans lifted its stake in Extra Space Storage by 38.2% during the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock worth $83,052,000 after purchasing an additional 162,773 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Extra Space Storage by 6.4% during the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Extra Space Storage by 6.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock worth $17,982,000 after purchasing an additional 7,831 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in 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 worth $7,745,000 after purchasing an additional 12,145 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Down 0.8%

Extra Space Storage stock opened at $142.13 on Friday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The stock’s fifty day simple moving average is $140.49 and its 200-day simple moving average is $138.50. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $30.02 billion, a P/E ratio of 31.87, a P/E/G ratio of 4.50 and a beta of 1.22.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same period in the prior year, the company posted $2.00 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts expect that Extra Space Storage Inc will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given 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 4.6%. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Wall Street Analyst Weigh In

A number of research firms have commented on EXR. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research note on Thursday, February 5th. Barclays upped their price target on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. upped their price target on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Finally, UBS Group decreased their price target on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and a consensus price target of $143.67.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 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.