Brookstone Capital Management Has $9.13 Million Holdings in Extra Space Storage Inc $EXR

Brookstone Capital Management lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,627 shares of the real estate investment trust’s stock after selling 4,983 shares during the period. Brookstone Capital Management’s holdings in Extra Space Storage were worth $9,130,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Avalon Trust Co bought a new position in Extra Space Storage in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage in the third quarter valued at approximately $28,000. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the fourth quarter worth $26,000. Rosenberg Matthew Hamilton increased its position in Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares during the period. Finally, DV Equities LLC acquired a new position in Extra Space Storage during the 4th quarter valued at $39,000. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Stock Up 0.5%

Shares of EXR stock opened at $146.03 on Tuesday. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a fifty day moving average price of $143.52 and a 200 day moving average price of $140.07. The stock has a market cap of $30.85 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period last year, the firm earned $2.00 EPS. The company’s quarterly revenue 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 predict that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is 145.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EXR shares. Royal Bank Of Canada increased their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. UBS Group boosted their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. upped their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Barclays increased 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. Finally, Wells Fargo & Company lifted their target price on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.07.

Insiders Place Their Bets

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

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.