Resona Asset Management Co. Ltd. Buys 5,462 Shares of Extra Space Storage Inc $EXR

Resona Asset Management Co. Ltd. raised its stake in Extra Space Storage Inc (NYSE:EXR) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,926 shares of the real estate investment trust’s stock after acquiring an additional 5,462 shares during the period. Resona Asset Management Co. Ltd. owned approximately 0.06% of Extra Space Storage worth $16,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 291 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Extra Space Storage in the second quarter worth approximately $457,000. First Trust Advisors LP lifted its stake in shares of Extra Space Storage by 184.1% in the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after buying an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Extra Space Storage by 1.8% during the second 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 during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXR shares. UBS Group boosted 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. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. upped their price target on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Barclays boosted their target price on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.57.

Insider Activity

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Shares of NYSE EXR traded up $1.24 during midday trading on Friday, hitting $143.92. 876,920 shares of the stock traded hands, compared to its average volume of 1,094,788. The firm has a market capitalization of $30.41 billion, a P/E ratio of 32.27, a PEG ratio of 4.42 and a beta of 1.19. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day moving average of $144.90 and a two-hundred day moving average of $141.55.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS 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 firm had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter last year, the company posted $2.00 EPS. The firm’s revenue 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. On average, equities analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

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

About Extra Space Storage

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.