Aster Capital Management DIFC Ltd Takes Position in Extra Space Storage Inc $EXR

Aster Capital Management DIFC Ltd acquired a new stake in Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,890 shares of the real estate investment trust’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EXR. Norges Bank purchased a new stake in Extra Space Storage during the 2nd quarter worth approximately $1,058,303,000. Resolution Capital Ltd boosted its position in Extra Space Storage by 116.2% in the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after buying an additional 1,048,685 shares during the period. Marshall Wace LLP grew its stake in shares of Extra Space Storage by 60.1% in the second quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock worth $217,828,000 after acquiring an additional 554,666 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Extra Space Storage by 27.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock worth $340,152,000 after acquiring an additional 526,163 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Extra Space Storage by 10.2% in the second quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock valued at $665,514,000 after acquiring an additional 419,240 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR opened at $147.66 on Friday. The company’s 50 day simple moving average is $139.88 and its 200-day simple moving average is $139.16. The firm has a market cap of $31.18 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.95 and a beta of 1.27. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $160.58. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter in the prior year, the business earned $2.03 EPS. Extra Space Storage’s quarterly revenue was up 4.3% 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, equities analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.87%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on 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. Truist Financial raised their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. UBS Group decreased their price target on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada increased their price objective on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.13.

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.