Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Extra Space Storage Inc $EXR

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Extra Space Storage Inc (NYSE:EXR) during the second quarter, HoldingsChannel.com reports. The fund acquired 702,947 shares of the real estate investment trust’s stock, valued at approximately $102,138,000.

A number of other hedge funds have also bought and sold shares of EXR. Apollon Wealth Management LLC boosted its position in Extra Space Storage by 1.9% during the first quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 75 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 80 shares in the last quarter. Manchester Capital Management LLC grew its stake in Extra Space Storage by 18.9% during the fourth quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 86 shares during the period. Angeles Wealth Management LLC increased its holdings in Extra Space Storage by 3.2% in the first quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 87 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 92 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

EXR opened at $147.24 on Wednesday. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $158.88. The company has a market cap of $31.11 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 4.26 and a beta of 1.18. The company’s fifty day moving average price is $147.47 and its two-hundred day moving average price is $143.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, analysts expect that Extra Space Storage Inc will post 8.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXR shares. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. 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 target price for the company. Finally, Scotiabank boosted their target price on Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.87.

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.