Extra Space Storage Inc $EXR Shares Acquired by Callodine Capital Management LP

Callodine Capital Management LP lifted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 13.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 56,500 shares of the real estate investment trust’s stock after buying an additional 6,500 shares during the quarter. Callodine Capital Management LP’s holdings in Extra Space Storage were worth $7,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the third quarter worth approximately $28,000. Reflection Asset Management acquired a new position in Extra Space Storage in the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage in the 1st quarter valued at $30,000. DV Equities LLC purchased a new position in shares of Extra Space Storage during the 4th quarter worth $39,000. Finally, Logan Capital Management Inc. lifted its stake in shares of Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 1.6%

Shares of EXR opened at $147.77 on Friday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The company’s fifty day moving average is $145.72 and its two-hundred day moving average is $142.67. The firm has a market cap of $31.22 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last released 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). The firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was 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 $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on EXR. Barclays lifted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Mizuho increased their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. UBS Group raised their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. Finally, Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average target price of $146.53.

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.