Extra Space Storage Inc $EXR Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Extra Space Storage Inc (NYSE:EXR) by 24,295.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,241,413 shares of the real estate investment trust’s stock after buying an additional 2,232,225 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Extra Space Storage were worth $325,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Extra Space Storage in the second quarter valued at $3,334,263,000. Norges Bank acquired a new position in Extra Space Storage in the 4th quarter worth $1,219,606,000. Capital International Investors lifted its holdings in Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after buying an additional 2,658,947 shares in the last quarter. Legal & General Group Plc purchased a new position in Extra Space Storage in the 2nd quarter valued at about $299,746,000. Finally, Cohen & Steers Inc. grew its stake 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 acquiring an additional 1,888,763 shares in the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Trading Down 1.2%

Shares of NYSE EXR opened at $141.14 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average price is $147.08 and its two-hundred day moving average price is $143.98. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The stock has a market capitalization of $29.82 billion, a P/E ratio of 31.16, a PEG ratio of 4.10 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. During the same quarter last year, the firm earned $2.05 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, analysts anticipate that Extra Space Storage Inc will post 8.33 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 Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s payout ratio is currently 143.05%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Scotiabank boosted their price target on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Wells Fargo & Company lifted their price objective on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Royal Bank Of Canada upped their target price on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. UBS Group increased their target price on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 price target on shares of Extra Space Storage in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $149.20.

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.