Fieldview Capital Management LLC Buys Shares of 25,967 Extra Space Storage Inc $EXR

Fieldview Capital Management LLC bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,967 shares of the real estate investment trust’s stock, valued at approximately $3,381,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXR. Norges Bank bought a new stake in Extra Space Storage during the 4th quarter valued at $1,219,606,000. Capital International Investors raised its position in Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after purchasing an additional 2,658,947 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Extra Space Storage by 900.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after purchasing an additional 1,969,013 shares in the last quarter. Cohen & Steers Inc. raised its position in Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after purchasing an additional 1,888,763 shares in the last quarter. Finally, Resolution Capital Ltd raised its position in Extra Space Storage by 116.2% during the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Trading Up 0.0%

Shares of NYSE:EXR opened at $150.33 on Friday. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The business’s fifty day simple moving average is $142.29 and its 200-day simple moving average is $139.46. The company has a market capitalization of $31.76 billion, a PE ratio of 33.71, a P/E/G ratio of 4.89 and a beta of 1.20. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the business posted $2.00 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts predict that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is 145.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Scotiabank lifted their price target on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. UBS Group lifted their price target on Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $152.29.

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.