Van ECK Associates Corp Sells 4,242 Shares of Extra Space Storage Inc $EXR

Van ECK Associates Corp lessened its stake in Extra Space Storage Inc (NYSE:EXR) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,155 shares of the real estate investment trust’s stock after selling 4,242 shares during the period. Van ECK Associates Corp owned approximately 0.06% of Extra Space Storage worth $19,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Extra Space Storage during the second quarter worth about $3,334,263,000. Cohen & Steers Inc. lifted its position in Extra Space Storage by 13.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares during the last quarter. State Street Corp grew its position in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after acquiring an additional 230,697 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage in the 4th quarter worth approximately $1,219,606,000. Finally, Capital International Investors boosted its stake in shares of Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after purchasing an additional 2,658,947 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 0.0%

Shares of Extra Space Storage stock opened at $142.93 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a market cap of $30.20 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 4.10 and a beta of 1.18. The company’s 50 day moving average is $147.18 and its 200 day moving average is $143.98.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. During the same period in the prior year, the firm earned $2.05 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.33 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio is presently 143.05%.

Analyst Ratings Changes

EXR has been the subject of a number of research reports. UBS Group increased their price objective on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Mizuho upped their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Wells Fargo & Company lifted their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Scotiabank upped their price objective on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Finally, Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their target price for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $149.20.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is owned by company 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.