Extra Space Storage Inc $EXR Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 24,295.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,241,413 shares of the real estate investment trust’s stock after purchasing an additional 2,232,225 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.06% of Extra Space Storage worth $325,677,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EXR. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage in the 3rd quarter valued at approximately $28,000. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Extra Space Storage in the first quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its stake in shares of Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 234 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in Extra Space Storage during the second quarter worth $43,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXR. Barclays increased their price objective 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. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Raymond James Financial started coverage on shares of Extra Space Storage in a report on Thursday, July 16th. They set an “outperform” rating and a $44.00 price objective on the stock. Finally, Mizuho increased their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average price target of $149.20.

Extra Space Storage Trading Down 1.2%

NYSE:EXR opened at $141.14 on Tuesday. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $147.08 and a 200-day simple moving average of $143.98. The company has a market capitalization of $29.82 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 4.10 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.Extra Space Storage’s revenue was up 3.9% on a year-over-year basis. 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 Dividend Announcement

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. The ex-dividend date is Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s payout ratio is 143.05%.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $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 available through this link. 0.96% of the stock is currently 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.