SteelPeak Wealth LLC Makes New $518,000 Investment in Extra Space Storage Inc $EXR

SteelPeak Wealth LLC bought a new stake in Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,936 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Other large investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Extra Space Storage in the second quarter valued at about $5,535,000. SG Americas Securities LLC grew its stake in 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 buying an additional 103,443 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Extra Space Storage by 359.9% during the second quarter. Squarepoint Ops LLC now owns 25,949 shares of the real estate investment trust’s stock worth $3,770,000 after buying an additional 20,307 shares in the last quarter. Osmosis Investment Management UK Ltd acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $924,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $6,042,000. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 1.1%

Shares of NYSE:EXR opened at $138.13 on Tuesday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company’s 50-day moving average price is $138.91 and its two-hundred day moving average price is $142.47. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The firm has a market cap of $29.18 billion, a P/E ratio of 16.72, a P/E/G ratio of 4.14 and a beta of 1.15.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same quarter last year, the company posted $2.05 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts forecast that Extra Space Storage Inc will post 8.34 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is 143.05%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Extra Space Storage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Mizuho decreased their price target on Extra Space Storage from $155.00 to $152.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 2nd. Wells Fargo & Company dropped their price target on Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Evercore set a $146.00 price objective on Extra Space Storage in a research report on Monday, September 21st. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.67.

Extra Space Storage Profile

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.