MUFG Securities EMEA plc Increases Stock Position in Extra Space Storage Inc $EXR

MUFG Securities EMEA plc grew its position in Extra Space Storage Inc (NYSE:EXR) by 114.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,711 shares of the real estate investment trust’s stock after purchasing an additional 4,648 shares during the period. MUFG Securities EMEA plc’s holdings in Extra Space Storage were worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Extra Space Storage by 18.5% in the fourth quarter. BNP Paribas Financial Markets now owns 437,042 shares of the real estate investment trust’s stock valued at $56,912,000 after purchasing an additional 68,254 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Extra Space Storage during the fourth quarter worth about $377,000. Norges Bank purchased a new stake in Extra Space Storage during the fourth quarter worth about $1,219,606,000. Eurizon SLJ Capital Ltd purchased a new stake in Extra Space Storage during the fourth quarter worth about $83,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Extra Space Storage during the fourth quarter worth about $1,464,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $142.18 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $30.04 billion, a PE ratio of 31.88, a P/E/G ratio of 4.56 and a beta of 1.20. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The company has a 50-day moving average price of $139.34 and a two-hundred day moving average price of $138.53.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts forecast that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXR. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada raised 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 report on Monday, February 23rd. Truist Financial decreased their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Five investment 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. According to MarketBeat.com, Extra Space Storage has an average rating of “Hold” and a consensus target price of $152.29.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by corporate insiders.

About Extra Space Storage

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.