Diamond Hill Capital Management LLC Investment Advisor Purchases New Holdings in Extra Space Storage Inc $EXR

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Extra Space Storage Inc (NYSE:EXR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,467,285 shares of the real estate investment trust’s stock, valued at approximately $213,197,000. Extra Space Storage comprises approximately 1.7% of Diamond Hill Capital Management LLC Investment Advisor’s investment portfolio, making the stock its 16th largest position.

Several other large investors have also recently bought and sold shares of EXR. Reflection Asset Management bought a new position in Extra Space Storage in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage during the third quarter worth $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Extra Space Storage during the first quarter worth $30,000. CoreCap Advisors LLC lifted its stake in shares of Extra Space Storage by 975.0% during the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 234 shares during the period. Finally, DV Equities LLC acquired a new position in shares of Extra Space Storage during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the 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 directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Up 0.1%

NYSE EXR opened at $147.98 on Monday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The stock has a 50-day simple moving average of $147.45 and a 200 day simple moving average of $143.48. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $31.26 billion, a PE ratio of 32.67, a P/E/G ratio of 4.26 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts forecast that Extra Space Storage Inc will post 8.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Royal Bank Of Canada raised their target price on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price target 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. UBS Group boosted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.73.

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.