Deutsche Bank AG Lowers Holdings in Extra Space Storage Inc $EXR

Deutsche Bank AG decreased its stake in Extra Space Storage Inc (NYSE:EXR) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,262,338 shares of the real estate investment trust’s stock after selling 21,137 shares during the quarter. Deutsche Bank AG’s holdings in Extra Space Storage were worth $294,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXR. Avalon Trust Co purchased a new stake in shares of Extra Space Storage in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Extra Space Storage in the third quarter worth about $28,000. Rosenberg Matthew Hamilton boosted its stake in shares of Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 92 shares during the last quarter. Finally, Logan Capital Management Inc. boosted its stake in shares of Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. upped their target price on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Truist Financial reduced their price target on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $152.29.

Extra Space Storage Stock Performance

NYSE EXR opened at $149.85 on Thursday. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 4.81 and a beta of 1.20. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average of $141.54 and a 200 day moving average of $139.25.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million during 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 business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts anticipate that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. Extra Space Storage’s dividend payout ratio is presently 145.29%.

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.