Hsbc Holdings PLC Grows Stock Position in Extra Space Storage Inc $EXR

Hsbc Holdings PLC boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 836,315 shares of the real estate investment trust’s stock after acquiring an additional 63,979 shares during the period. Hsbc Holdings PLC’s holdings in Extra Space Storage were worth $108,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXR. NewEdge Advisors LLC lifted its stake in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after purchasing an additional 661 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Extra Space Storage during the 2nd quarter worth $457,000. First Trust Advisors LP grew its stake in shares of Extra Space Storage by 184.1% during the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after purchasing an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Transactions at Extra Space Storage

In other Extra Space Storage 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 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 SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXR. Truist Financial lifted their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank Of Canada boosted 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. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price target for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a research report on Wednesday, March 18th. Finally, Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $153.07.

Extra Space Storage Stock Performance

NYSE:EXR opened at $145.36 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20. The firm’s fifty day moving average price is $143.38 and its 200 day moving average price is $139.97. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts expect that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s payout ratio is currently 145.29%.

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.