Van Hulzen Asset Management LLC Makes New Investment in Extra Space Storage Inc $EXR

Van Hulzen Asset Management LLC bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 3,630 shares of the real estate investment trust’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXR. Manning & Napier Advisors LLC acquired a new position in Extra Space Storage in the 2nd quarter valued at $6,902,000. McDonough Capital Management Inc bought a new position in Extra Space Storage during the second quarter valued at about $261,000. Cetera Trust Company N.A bought a new stake in shares of Extra Space Storage during the second quarter valued at approximately $261,000. Ally Financial Inc. acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at $2,761,000. Finally, Winmill & CO. Inc. bought a new position in shares of Extra Space Storage during the 2nd quarter worth about $1,457,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EXR shares. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Scotiabank increased their price target on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. Mizuho raised their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, July 30th. Finally, Barclays upped their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Extra Space Storage presently has an average rating of “Hold” and an average target price of $148.53.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $144.94 on Wednesday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The firm has a market cap of $30.62 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 4.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The business has a fifty day moving average of $147.27 and a 200-day moving average of $143.90.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period in the prior year, the business earned $2.05 earnings per share. Extra Space Storage’s quarterly revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities research analysts predict that Extra Space Storage Inc will post 8.32 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s payout ratio is currently 143.05%.

Insiders Place Their Bets

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

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.