11,041 Shares in Extra Space Storage Inc $EXR Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,041 shares of the real estate investment trust’s stock, valued at approximately $1,604,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in Extra Space Storage by 2.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock valued at $50,922,000 after acquiring an additional 9,492 shares during the period. Norges Bank acquired a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $1,219,606,000. Harbour Investments Inc. grew its position in shares of Extra Space Storage by 15,978.4% in the fourth quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $1,068,000 after purchasing an additional 8,149 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Extra Space Storage by 3,007.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after purchasing an additional 38,799 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Extra Space Storage by 54.8% during the first quarter. SG Americas Securities LLC now owns 292,159 shares of the real estate investment trust’s stock worth $38,311,000 after purchasing an additional 103,443 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EXR. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Wells Fargo & Company lifted their target price on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target on the stock. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $160.00 price target on shares of Extra Space Storage in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average target price of $148.53.

Insiders Place Their Bets

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly 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 filing with the SEC, which is available through this link. 0.96% of the stock is owned by company insiders.

Extra Space Storage Stock Performance

NYSE EXR opened at $144.08 on Thursday. The firm’s 50 day simple moving average is $147.28 and its 200 day simple moving average is $143.94. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 4.16 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts expect that Extra Space Storage Inc will post 8.33 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is currently 143.05%.

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.