Y Intercept Hong Kong Ltd Purchases New Shares in Extra Space Storage Inc $EXR

Y Intercept Hong Kong Ltd acquired a new stake in Extra Space Storage Inc (NYSE:EXR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,092 shares of the real estate investment trust’s stock, valued at approximately $1,979,000.

Several other large investors have also recently added to or reduced their stakes in EXR. NewEdge Advisors LLC increased its position in Extra Space Storage by 9.3% during the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares during the period. Empowered Funds LLC grew its position in shares of Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after purchasing an additional 661 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $457,000. First Trust Advisors LP grew its position in shares of Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after purchasing an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 80 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 2.5%

Shares of NYSE:EXR opened at $144.02 on Thursday. The company has a fifty day moving average of $144.79 and a 200-day moving average of $141.45. The company has a market capitalization of $30.43 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 4.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results 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 net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm’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. On average, equities analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s payout ratio is 145.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $147.00 to $156.00 in a research report on Tuesday, June 16th. Truist Financial raised their price objective on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. UBS Group lifted their price objective 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, Wells Fargo & Company upped their target price on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $153.07.

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.