Texas Yale Capital Corp. Has $3.80 Million Stake in Extra Space Storage Inc $EXR

Texas Yale Capital Corp. boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,797 shares of the real estate investment trust’s stock after buying an additional 1,820 shares during the quarter. Texas Yale Capital Corp.’s holdings in Extra Space Storage were worth $3,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. bought a new stake in Extra Space Storage in the first quarter valued at approximately $29,000. Chung Wu Investment Group LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth $29,000. Zions Bancorporation National Association UT bought a new position in Extra Space Storage during the first quarter worth $50,000. Ameritas Advisory Services LLC acquired a new position in Extra Space Storage in the second quarter valued at $75,000. Finally, Avalon Trust Co bought a new stake in Extra Space Storage during the first quarter valued at $79,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

NYSE EXR opened at $131.10 on Friday. The company has a market cap of $27.83 billion, a P/E ratio of 29.26, a PEG ratio of 2.56 and a beta of 1.14. The company has a fifty day simple moving average of $143.11 and a 200 day simple moving average of $145.03. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $175.57.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The firm had revenue of $838.53 million for the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.53%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $2.07 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Sell-side analysts predict that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.9%. Extra Space Storage’s dividend payout ratio is 144.64%.

Wall Street Analysts Forecast Growth

EXR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Wednesday, October 8th. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a research note on Monday. Truist Financial cut their price target on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, August 19th. Barclays lowered their price objective on shares of Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $146.00 target price (down from $169.00) on shares of Extra Space Storage in a research note on Thursday, August 21st. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.50.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the completion of the sale, the chief executive officer owned 19,760 shares in the company, valued at approximately $2,794,261.60. This represents a 27.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by corporate insiders.

Extra Space Storage Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.