VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Extra Space Storage Inc $EXR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 38,097 shares of the real estate investment trust’s stock, valued at approximately $5,535,000.

Several other large investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC raised its stake in shares of Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Extra Space Storage by 4.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,960 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 79 shares during the period. Brown Advisory Inc. boosted its position in Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 80 shares during the period. Raiffeisen Bank International AG grew its holdings in Extra Space Storage by 82.4% during the second quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 84 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Extra Space Storage by 18.9% during the fourth quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn McNeal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EXR has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their target price on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. BMO Capital Markets raised shares of Extra Space Storage from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $160.00 price target on shares of Extra Space Storage in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.93.

Extra Space Storage Price Performance

NYSE:EXR opened at $139.23 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $158.88. The company has a fifty day moving average price of $146.18 and a 200 day moving average price of $143.74. The stock has a market cap of $29.41 billion, a P/E ratio of 30.73, a PEG ratio of 4.00 and a beta of 1.16.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period last year, the business posted $2.05 EPS. The business’s quarterly 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. Analysts anticipate that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.

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.