Liberty One Investment Management LLC Boosts Holdings in Extra Space Storage Inc $EXR

Liberty One Investment Management LLC grew its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 37.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,367 shares of the real estate investment trust’s stock after purchasing an additional 9,874 shares during the period. Liberty One Investment Management LLC’s holdings in Extra Space Storage were worth $4,769,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EXR. Cohen & Steers Inc. lifted its stake in shares of Extra Space Storage by 13.4% in 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 during the period. State Street Corp boosted its holdings in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after buying an additional 230,697 shares in the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage in the 4th quarter worth about $1,219,606,000. Capital International Investors grew its position in shares of Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after buying an additional 2,658,947 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Extra Space Storage by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock worth $771,397,000 after acquiring an additional 56,118 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

EXR stock opened at $145.60 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The company has a market cap of $30.76 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 4.49 and a beta of 1.19. The stock’s fifty day moving average price is $145.50 and its 200-day moving average price is $142.64.

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

Extra Space Storage Announces Dividend

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

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXR. Mizuho upped 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, May 27th. Raymond James Financial started coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price target on the stock. Barclays raised their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. UBS Group lifted their price objective on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Truist Financial boosted their target price on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $146.27.

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.