Extra Space Storage Inc $EXR Shares Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC increased its position in Extra Space Storage Inc (NYSE:EXR) by 94.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,866 shares of the real estate investment trust’s stock after purchasing an additional 3,821 shares during the quarter. Gallacher Capital Management LLC’s holdings in Extra Space Storage were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXR. Pensionfund Sabic purchased a new position in Extra Space Storage in the 4th quarter valued at about $1,153,000. Nomura Asset Management Co. Ltd. increased its position in shares of Extra Space Storage by 2.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock worth $50,922,000 after acquiring an additional 9,492 shares during the last quarter. Bayhunt Capital LLC purchased a new stake in shares of Extra Space Storage during the fourth quarter worth about $14,650,000. Norges Bank acquired a new position in shares of Extra Space Storage in the fourth quarter worth about $1,219,606,000. Finally, Manning & Napier Advisors LLC lifted its stake in shares of Extra Space Storage by 3,007.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after acquiring an additional 38,799 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $150.16 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The firm’s 50-day simple moving average is $145.21 and its 200-day simple moving average is $142.09. The firm has a market cap of $31.72 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 4.48 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results 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 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

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

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXR. Raymond James Financial initiated coverage on Extra Space Storage in a report on Thursday. They issued an “outperform” rating and a $44.00 price target for the company. Wells Fargo & Company lifted their price objective on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays upped their target price 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. JPMorgan Chase & Co. increased their target price on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average target price of $146.27.

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.