Extra Space Storage Inc $EXR Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Extra Space Storage Inc (NYSE:EXR) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525,482 shares of the real estate investment trust’s stock after acquiring an additional 214,972 shares during the period. Bank of New York Mellon Corp’s holdings in Extra Space Storage were worth $198,648,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in Extra Space Storage in the third quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage in the third quarter valued at $28,000. Rosenberg Matthew Hamilton raised its holdings in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 217 shares in the last quarter. Logan Capital Management Inc. raised its holdings in Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 229 shares in the last quarter. Finally, Tobam increased its stake in Extra Space Storage by 66.1% during the third quarter. Tobam now owns 319 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 127 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 0.4%

EXR stock opened at $145.34 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The firm has a fifty day moving average price of $140.43 and a two-hundred day moving average price of $138.81. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 4.74 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the prior year, the company posted $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. Research analysts predict that Extra Space Storage Inc will post 8.24 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Insider Buying and Selling at Extra Space Storage

In related 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 value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EXR has been the subject of several recent research reports. Mizuho boosted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Barclays boosted their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $152.29.

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.