4,000 Shares in Extra Space Storage Inc $EXR Purchased by Callodine Capital Management LP

Callodine Capital Management LP bought a new stake in Extra Space Storage Inc (NYSE:EXR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,000 shares of the real estate investment trust’s stock, valued at approximately $564,000.

Other institutional investors also recently added to or reduced their stakes in the company. Avalon Trust Co bought a new stake in shares of Extra Space Storage in the third quarter valued at approximately $28,000. Versant Capital Management Inc increased its position 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 worth $30,000 after acquiring an additional 80 shares during the period. Davis Capital Management acquired a new position in Extra Space Storage during the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new position in Extra Space Storage during the 2nd quarter valued at $37,000. Finally, MTM Investment Management LLC bought a new stake in Extra Space Storage in the 2nd quarter valued at $38,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

NYSE EXR opened at $141.34 on Friday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $155.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The stock has a market cap of $29.84 billion, a P/E ratio of 30.73, a PEG ratio of 2.82 and a beta of 1.24. The company’s 50-day simple moving average is $143.43 and its 200 day simple moving average is $139.81.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. During the same period in the previous year, the business earned $2.03 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, research analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s payout ratio is currently 140.87%.

Analysts Set New Price Targets

EXR has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. UBS Group decreased their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Scotiabank boosted their price target on 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. Finally, Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.13.

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.