Stance Capital LLC Takes $2.85 Million Position in Extra Space Storage Inc $EXR

Stance Capital LLC acquired a new position in Extra Space Storage Inc (NYSE:EXR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,894 shares of the real estate investment trust’s stock, valued at approximately $2,851,000. Extra Space Storage comprises about 1.0% of Stance Capital LLC’s holdings, making the stock its 27th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of Extra Space Storage during the fourth quarter worth $26,000. Avalon Trust Co purchased a new stake in Extra Space Storage in the third quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage in the third quarter worth about $28,000. Rosenberg Matthew Hamilton boosted its holdings in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Extra Space Storage during the fourth quarter valued at about $39,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Trading Up 0.0%

Shares of NYSE:EXR opened at $145.36 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The business has a 50 day moving average of $143.38 and a two-hundred day moving average of $139.92. The company has a market capitalization of $30.71 billion, a PE ratio of 32.59, a PEG ratio of 4.50 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $2.00 earnings per share. Extra Space Storage’s revenue for the quarter 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. As a group, analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Announces Dividend

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

Wall Street Analysts Forecast Growth

EXR has been the topic of a number of recent analyst reports. Scotiabank upped their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Royal Bank Of Canada raised their target price on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Truist Financial boosted their price target on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Mizuho increased their price target 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. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $153.07.

Insider Activity at Extra Space Storage

In related 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

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.