Quantinno Capital Management LP Raises Holdings in Extra Space Storage Inc $EXR

Quantinno Capital Management LP boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 21.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 95,819 shares of the real estate investment trust’s stock after acquiring an additional 17,243 shares during the quarter. Quantinno Capital Management LP’s holdings in Extra Space Storage were worth $12,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of Extra Space Storage in the first quarter valued at approximately $3,160,000. Gateway Wealth Partners LLC acquired a new position in Extra Space Storage during the first quarter worth about $243,000. OMERS ADMINISTRATION Corp grew its position in Extra Space Storage by 28.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 9,775 shares of the real estate investment trust’s stock worth $1,282,000 after buying an additional 2,182 shares during the period. Callodine Capital Management LP increased its holdings in Extra Space Storage by 13.0% in the first quarter. Callodine Capital Management LP now owns 56,500 shares of the real estate investment trust’s stock valued at $7,409,000 after buying an additional 6,500 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new position in Extra Space Storage in the first quarter valued at about $271,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Trading Up 1.1%

Shares of Extra Space Storage stock opened at $149.61 on Tuesday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 0.37. The business has a 50 day moving average price of $146.65 and a 200 day moving average price of $143.27. The company has a market capitalization of $31.61 billion, a P/E ratio of 33.03, a P/E/G ratio of 4.56 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. During the same quarter last year, the business posted $2.05 earnings per share. Extra Space Storage’s revenue was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts anticipate that Extra Space Storage Inc will post 8.29 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho boosted their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Barclays boosted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. Finally, Royal Bank Of Canada raised their price target on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.73.

Insiders Place Their Bets

In other Extra Space Storage 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 value of $495,000.00. Following the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.

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.