Aster Capital Management DIFC Ltd Acquires Shares of 4,890 Extra Space Storage Inc $EXR

Aster Capital Management DIFC Ltd acquired a new position in shares of Extra Space Storage Inc (NYSE:EXR) in the third quarter, HoldingsChannel.com reports. The fund acquired 4,890 shares of the real estate investment trust’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avalon Trust Co purchased a new position in Extra Space Storage during the third quarter worth about $28,000. Versant Capital Management Inc increased its position in Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 80 shares during the period. Davis Capital Management purchased a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $35,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $37,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Extra Space Storage in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho upped their price objective on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Truist Financial boosted their target price on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Wells Fargo & Company lowered their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Evercore reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.13.

Extra Space Storage Stock Up 0.5%

EXR stock opened at $147.66 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.24. The company’s 50 day simple moving average is $139.88 and its 200-day simple moving average is $139.16. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $160.58. The firm has a market capitalization of $31.18 billion, a PE ratio of 32.10, a P/E/G ratio of 2.95 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

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.