Extra Space Storage Inc $EXR Shares Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC boosted its holdings in Extra Space Storage Inc (NYSE:EXR) by 94.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,866 shares of the real estate investment trust’s stock after acquiring an additional 3,821 shares during the period. Gallacher Capital Management LLC’s holdings in Extra Space Storage were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cohen & Steers Inc. grew its holdings in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after purchasing an additional 1,888,763 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 during the last quarter. Norges Bank acquired a new position in Extra Space Storage during the 4th quarter valued at approximately $1,219,606,000. Capital International Investors boosted its position in Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after purchasing an additional 2,658,947 shares during the period. Finally, Geode Capital Management LLC grew its stake in Extra Space Storage by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock worth $771,397,000 after buying an additional 56,118 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EXR. Barclays increased their target price on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Truist Financial boosted their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Mizuho upped their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $146.27.

Extra Space Storage Stock Up 3.8%

EXR opened at $150.16 on Friday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $31.72 billion, a P/E ratio of 33.67, a P/E/G ratio of 4.48 and a beta of 1.19. The stock’s 50 day moving average price is $145.21 and its 200 day moving average price is $142.09.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the firm earned $2.00 EPS. The firm’s revenue was up 4.4% 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 predict that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s payout ratio is currently 145.29%.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

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.