MAI Capital Management Has $2.40 Million Holdings in Extra Space Storage Inc $EXR

MAI Capital Management raised its holdings in Extra Space Storage Inc (NYSE:EXR) by 125.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,038 shares of the real estate investment trust’s stock after acquiring an additional 9,477 shares during the period. MAI Capital Management’s holdings in Extra Space Storage were worth $2,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Prestige Wealth Management Group LLC grew its holdings in shares of Extra Space Storage by 2.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 88 shares during the last quarter. Mufg Securities Americas Inc. boosted its position in Extra Space Storage by 21.7% in the third quarter. Mufg Securities Americas Inc. now owns 5,724 shares of the real estate investment trust’s stock valued at $807,000 after buying an additional 1,021 shares in the last quarter. Avalon Trust Co acquired a new stake in Extra Space Storage in the third quarter valued at approximately $28,000. Vestmark Advisory Solutions Inc. grew its stake in shares of Extra Space Storage by 1,635.6% during the third quarter. Vestmark Advisory Solutions Inc. now owns 117,311 shares of the real estate investment trust’s stock worth $16,534,000 after buying an additional 110,552 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Extra Space Storage by 3.1% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 65,890 shares of the real estate investment trust’s stock worth $9,287,000 after buying an additional 1,970 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 2.2%

Shares of EXR stock opened at $150.93 on Friday. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year 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. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.97 and a beta of 1.27. The stock has a 50-day moving average of $140.29 and a 200-day moving average of $139.27.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate 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 business had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. During the same period in the prior year, the business posted $2.03 earnings per share. The firm’s 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. On average, equities research analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXR shares. Evercore reissued a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating and issued a $164.00 target price on shares of Extra Space Storage in a research report on Tuesday, January 13th. UBS Group reduced their price target on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $145.13.

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.