Winmill & CO. Inc. Makes New $1.46 Million Investment in Extra Space Storage Inc $EXR

Winmill & CO. Inc. bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,027 shares of the real estate investment trust’s stock, valued at approximately $1,457,000.

A number of other hedge funds have also recently made changes to their positions in EXR. NewEdge Advisors LLC raised its holdings in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 291 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 661 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at about $457,000. First Trust Advisors LP grew its position in shares of Extra Space Storage by 184.1% in the 2nd 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 during the last quarter. Finally, Brown Advisory Inc. grew its position 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 worth $653,000 after buying an additional 80 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Scotiabank increased their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. Weiss Ratings raised shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price target on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Mizuho raised their price objective 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. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $147.71.

Insider Transactions at Extra Space Storage

In other Extra Space Storage 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

EXR opened at $146.97 on Monday. The company has a market cap of $31.05 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18. 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’s 50-day moving average price is $147.31 and its 200-day moving average price is $143.82. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. The company had revenue of $874.15 million for 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%. Extra Space Storage’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts anticipate that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

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.