Exchange Traded Concepts LLC Raises Stock Position in Extra Space Storage Inc $EXR

Exchange Traded Concepts LLC raised its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 4,464.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,864 shares of the real estate investment trust’s stock after acquiring an additional 43,881 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Extra Space Storage were worth $5,842,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after purchasing an additional 161,171 shares in the last quarter. State Street Corp lifted its holdings in Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares in the last quarter. Capital World Investors boosted its stake in Extra Space Storage by 0.5% in the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock worth $1,009,371,000 after purchasing an additional 33,622 shares during the period. Principal Financial Group Inc. boosted its stake in Extra Space Storage by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Capital International Investors grew its holdings in Extra Space Storage by 1.0% during the 3rd quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust’s stock valued at $507,065,000 after buying an additional 35,752 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EXR. UBS Group reduced their price objective on shares of 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. Truist Financial upped their target price on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Morgan Stanley reduced their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and an average target price of $143.80.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.36% of the stock is owned by insiders.

Extra Space Storage Stock Performance

NYSE:EXR opened at $128.23 on Tuesday. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.59 and a beta of 1.24. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $155.19. The stock’s 50 day simple moving average is $141.68 and its two-hundred day simple moving average is $138.87. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS 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 firm had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. During the same period in the prior year, the company earned $2.03 EPS. The company’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 anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 5.1%. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

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.