Harbour Investments Inc. Has $1.07 Million Holdings in Extra Space Storage Inc $EXR

Harbour Investments Inc. increased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 15,978.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the real estate investment trust’s stock after buying an additional 8,149 shares during the quarter. Harbour Investments Inc.’s holdings in Extra Space Storage were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in Extra Space Storage during the 3rd quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the 3rd quarter worth $28,000. Rosenberg Matthew Hamilton raised its stake in Extra Space Storage by 442.9% during the 4th 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 period. Logan Capital Management Inc. raised its stake in Extra Space Storage by 313.7% during the 3rd 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 period. Finally, Tobam raised its stake in Extra Space Storage by 66.1% during the 3rd quarter. Tobam now owns 319 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Down 0.9%

Shares of NYSE:EXR opened at $144.50 on Friday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $139.25 and its 200 day simple moving average is $138.43. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 4.74 and a beta of 1.22.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data 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). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter in the previous year, the business earned $2.00 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, research analysts forecast that Extra Space Storage Inc will post 8.23 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. Shareholders of record on Monday, June 15th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is presently 145.29%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research note on Thursday, February 5th. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Wells Fargo & Company dropped their price objective on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a report on Wednesday, March 18th. Finally, Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $151.86.

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.