Extra Space Storage Inc $EXR Shares Purchased by Allstate Corp

Allstate Corp boosted its stake in Extra Space Storage Inc (NYSE:EXR) by 131.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,145 shares of the real estate investment trust’s stock after acquiring an additional 17,127 shares during the period. Allstate Corp’s holdings in Extra Space Storage were worth $3,925,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after purchasing an additional 161,171 shares during the period. State Street Corp increased its position in Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares during the period. Capital World Investors increased its position in Extra Space Storage by 0.5% during the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock worth $1,009,371,000 after purchasing an additional 33,622 shares during the period. Principal Financial Group Inc. increased its position in Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Capital International Investors increased its position in Extra Space Storage by 1.0% during the 3rd quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust’s stock worth $507,065,000 after purchasing an additional 35,752 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

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

Analyst Upgrades and Downgrades

EXR has been the topic of several research analyst reports. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research note on Thursday, February 5th. Mizuho boosted their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays boosted their price target on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane raised Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Wednesday, March 18th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.86.

Extra Space Storage Trading Up 0.3%

Shares of Extra Space Storage stock opened at $144.47 on Thursday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The firm has a market cap of $30.52 billion, a PE ratio of 32.39, a P/E/G ratio of 4.69 and a beta of 1.22. The business’s fifty day moving average is $138.93 and its two-hundred day moving average is $138.30. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last issued its quarterly 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). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same period in the prior year, the company earned $2.00 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts anticipate that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. 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 is currently 145.29%.

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.