Swiss National Bank Purchases 41,200 Shares of Extra Space Storage Inc $EXR

Swiss National Bank boosted its position in Extra Space Storage Inc (NYSE:EXR) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 622,827 shares of the real estate investment trust’s stock after buying an additional 41,200 shares during the quarter. Swiss National Bank’s holdings in Extra Space Storage were worth $81,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cromwell Holdings LLC increased its position in Extra Space Storage by 14.6% in the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 73 shares during the period. Apollon Wealth Management LLC increased its holdings in Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 75 shares during the period. Gilman Hill Asset Management LLC raised its stake in shares of Extra Space Storage by 5.0% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 80 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Extra Space Storage by 18.9% during the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 86 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Stock Down 1.3%

EXR opened at $145.38 on Wednesday. The firm’s 50-day simple moving average is $145.37 and its 200-day simple moving average is $142.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 4.56 and a beta of 1.19.

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 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 firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter last year, the business earned $2.00 EPS. 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. Equities research analysts anticipate that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Insider Activity

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 completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EXR shares. Truist Financial lifted their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. UBS Group raised their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays lifted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Wells Fargo & Company upped their price objective on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Raymond James Financial began coverage on Extra Space Storage in a report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price for the company. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $146.27.

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.