Van ECK Associates Corp Has $16 Million Holdings in Extra Space Storage Inc $EXR

Van ECK Associates Corp boosted its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 9.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 113,532 shares of the real estate investment trust’s stock after purchasing an additional 9,740 shares during the period. Van ECK Associates Corp’s holdings in Extra Space Storage were worth $16,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have 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 worth about $28,000. Versant Capital Management Inc lifted its holdings in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Davis Capital Management acquired a new position in shares of Extra Space Storage in the 3rd quarter valued at approximately $35,000. Elevation Point Wealth Partners LLC bought a new stake in Extra Space Storage during the 2nd quarter worth approximately $37,000. Finally, MTM Investment Management LLC acquired a new stake in Extra Space Storage during the 2nd quarter worth approximately $38,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Up 0.6%

NYSE:EXR traded up $0.86 during trading hours on Friday, reaching $141.04. 140,979 shares of the stock were exchanged, compared to its average volume of 1,354,465. The stock has a market cap of $29.78 billion, a PE ratio of 30.63, a PEG ratio of 2.85 and a beta of 1.24. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $155.19. The firm has a 50 day moving average of $143.22 and a 200 day moving average of $139.80. 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 announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 EPS 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 business had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue for the quarter 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 analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend yield of 4.6%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Analyst Ratings Changes

A number of research analysts have weighed in on EXR shares. Truist Financial lifted their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Mizuho raised their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. UBS Group reduced their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.