Bank of Nova Scotia Boosts Stake in Extra Space Storage Inc $EXR

Bank of Nova Scotia raised its holdings in Extra Space Storage Inc (NYSE:EXR) by 32.8% during the first quarter, HoldingsChannel.com reports. The firm owned 64,944 shares of the real estate investment trust’s stock after buying an additional 16,026 shares during the period. Bank of Nova Scotia’s holdings in Extra Space Storage were worth $8,516,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXR. Cetera Investment Advisers increased its stake in shares of Extra Space Storage by 16.6% in the first quarter. Cetera Investment Advisers now owns 35,830 shares of the real estate investment trust’s stock worth $4,698,000 after buying an additional 5,110 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in Extra Space Storage by 4,335.6% during the 1st quarter. Prestige Wealth Management Group LLC now owns 2,617 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 2,558 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Extra Space Storage during the 1st quarter worth $193,000. Andra AP fonden grew its holdings in Extra Space Storage by 40.2% during the 1st quarter. Andra AP fonden now owns 44,874 shares of the real estate investment trust’s stock worth $5,884,000 after acquiring an additional 12,874 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage in the first quarter valued at about $30,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, 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 is accessible through this link. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on EXR shares. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Friday, July 17th. Mizuho lifted their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Barclays increased their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $146.53.

Extra Space Storage Stock Up 0.0%

EXR stock opened at $147.77 on Monday. The firm’s 50-day moving average is $145.72 and its two-hundred day moving average is $142.75. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Extra Space Storage 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.