Dimensional Fund Advisors LP Grows Position in Extra Space Storage Inc $EXR

Dimensional Fund Advisors LP grew its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 1.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,206,587 shares of the real estate investment trust’s stock after purchasing an additional 33,631 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Extra Space Storage were worth $420,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage in the third quarter worth about $28,000. DV Equities LLC acquired a new position in Extra Space Storage in the fourth quarter worth about $39,000. Zions Bancorporation National Association UT increased its holdings in Extra Space Storage by 172.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 193 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in 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 buying an additional 92 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $147.35 on Tuesday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The firm’s 50 day simple moving average is $145.36 and its 200-day simple moving average is $142.32. 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 market cap of $31.13 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 4.59 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last issued 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 net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the business posted $2.00 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Analysts Set New Price Targets

A number of research analysts have commented on EXR shares. Wells Fargo & Company increased their target price on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Raymond James Financial assumed coverage on Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price objective on the stock. UBS Group lifted their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.27.

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.