Northwestern Mutual Wealth Management Co. Raises Stake in Extra Space Storage Inc $EXR

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 31,381.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 479,146 shares of the real estate investment trust’s stock after acquiring an additional 477,624 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Extra Space Storage were worth $62,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EXR. Avalon Trust Co purchased a new stake in Extra Space Storage during the third quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage during the third quarter valued at about $28,000. Versant Capital Management Inc lifted its holdings in Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its holdings in Extra Space Storage by 313.7% during the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 229 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Trading Down 0.0%

Shares of EXR opened at $136.84 on Monday. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 4.45 and a beta of 1.22. 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 fifty-two week low of $125.71 and a fifty-two week high of $155.19. The firm has a 50 day moving average price of $139.08 and a 200-day moving average price of $137.90.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts forecast that Extra Space Storage Inc will post 8.23 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 Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.7%. Extra Space Storage’s payout ratio is 145.29%.

Analyst Ratings Changes

EXR has been the topic of several recent research reports. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a report on Wednesday, March 18th. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Royal Bank Of Canada upped their price target on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. upped their price target on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Finally, Truist Financial decreased their price target on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $150.29.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

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.