Deutsche Bank AG Takes $153.98 Million Position in Extra Space Storage Inc $EXR

Deutsche Bank AG purchased a new position in shares of Extra Space Storage Inc (NYSE:EXR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,059,736 shares of the real estate investment trust’s stock, valued at approximately $153,980,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage during the 3rd quarter valued at $28,000. Reflection Asset Management bought a new stake in shares of Extra Space Storage in the 4th quarter worth about $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Extra Space Storage in the 1st quarter valued at about $30,000. CoreCap Advisors LLC raised its stake in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at about $39,000. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.8%

NYSE EXR opened at $148.07 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $158.88. The company has a 50-day simple moving average of $147.43 and a 200-day simple moving average of $143.67. The firm has a market capitalization of $31.28 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data 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 net margin of 27.80% and a return on equity of 6.70%. The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same quarter in the prior year, the business earned $2.05 earnings per share. Extra Space Storage’s quarterly revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.32 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.

Analyst Ratings Changes

A number of research firms recently commented on EXR. The Goldman Sachs Group reiterated a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th. Truist Financial increased 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. Wells Fargo & Company lifted their target price on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.87.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’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 transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Extra Space Storage Company 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.