Hsbc Holdings PLC Buys 63,979 Shares of Extra Space Storage Inc $EXR

Hsbc Holdings PLC boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 836,315 shares of the real estate investment trust’s stock after buying an additional 63,979 shares during the quarter. Hsbc Holdings PLC’s holdings in Extra Space Storage were worth $108,954,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 291 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after purchasing an additional 661 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth $457,000. First Trust Advisors LP increased its position in shares of Extra Space Storage by 184.1% during the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after buying an additional 70,115 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of 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 buying an additional 80 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EXR. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Truist Financial increased their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Mizuho boosted their price objective on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $153.07.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 0.0%

Shares of NYSE EXR opened at $149.29 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market cap of $31.54 billion, a PE ratio of 33.47, a P/E/G ratio of 4.63 and a beta of 1.19. The company’s fifty day simple moving average is $144.52 and its 200 day simple moving average is $141.08. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19.

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 return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous 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. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

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.