Van ECK Associates Corp Trims Holdings in Extra Space Storage Inc $EXR

Van ECK Associates Corp reduced its position in Extra Space Storage Inc (NYSE:EXR) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,155 shares of the real estate investment trust’s stock after selling 4,242 shares during the quarter. Van ECK Associates Corp’s holdings in Extra Space Storage were worth $19,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Extra Space Storage during the 3rd quarter valued at about $28,000. Reflection Asset Management purchased a new stake in Extra Space Storage during the fourth quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Extra Space Storage in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its holdings in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 234 shares during the period. Finally, Ancora Advisors LLC bought a new position in shares of Extra Space Storage during the 2nd quarter valued at approximately $43,000. 99.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXR has been the subject of a number of analyst reports. Barclays raised their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Raymond James Financial assumed coverage on Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Finally, UBS Group increased their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $149.20.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s 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 sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $142.93 on Monday. The firm has a market cap of $30.20 billion, a P/E ratio of 31.55, a P/E/G ratio of 4.10 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The stock’s fifty day moving average price is $147.18 and its 200-day moving average price is $143.98.

Extra Space Storage (NYSE:EXR) last announced its quarterly 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 firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities research analysts expect that Extra Space Storage Inc will post 8.33 earnings per share 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 issued a $1.62 dividend. 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 dividend payout ratio (DPR) is currently 143.05%.

About Extra Space Storage

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.