MUFG Securities EMEA plc Purchases 4,648 Shares of Extra Space Storage Inc $EXR

MUFG Securities EMEA plc increased its position in Extra Space Storage Inc (NYSE:EXR) by 114.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,711 shares of the real estate investment trust’s stock after acquiring an additional 4,648 shares during the quarter. MUFG Securities EMEA plc’s holdings in Extra Space Storage were worth $1,134,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cromwell Holdings LLC boosted its position in shares of Extra Space Storage by 14.6% in 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 period. Gilman Hill Asset Management LLC boosted its position in shares of Extra Space Storage by 5.0% in 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 period. Brown Advisory Inc. boosted its position in shares of Extra Space Storage by 1.8% in 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 period. Prestige Wealth Management Group LLC boosted its position in shares of Extra Space Storage by 2.9% in 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 period. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 92 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada lifted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. UBS Group lifted their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. 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 report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $152.29.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Up 1.3%

Shares of Extra Space Storage stock opened at $142.18 on Wednesday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The firm has a market cap of $30.04 billion, a PE ratio of 31.88, a PEG ratio of 4.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The company has a 50 day simple moving average of $139.34 and a two-hundred day simple moving average of $138.53.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The company’s revenue for the quarter 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. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

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.