Westpac Banking Corp Buys 3,882 Shares of Extra Space Storage Inc $EXR

03 Jun 2026, 09:49 by Amy Steele · The Cerbat Gem

Westpac Banking Corp boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,986 shares of the real estate investment trust’s stock after purchasing an additional 3,882 shares during the quarter. Westpac Banking Corp’s holdings in Extra Space Storage were worth $6,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Avalon Trust Co bought a new stake in Extra Space Storage during the third quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage during the third quarter valued at about $28,000. Rosenberg Matthew Hamilton boosted 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 valued at $35,000 after purchasing an additional 217 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 92 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its position in Extra Space Storage by 313.7% during the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXR shares. Truist Financial dropped their price objective on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Scotiabank raised their price objective on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research report on Thursday, February 5th. Barclays raised their price objective on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company increased their price target on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday. Five equities research 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, the company has a consensus rating of “Hold” and a consensus price target of $152.29.

View Our Latest Research Report on Extra Space Storage

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Up 1.3%

Extra Space Storage stock opened at $142.18 on Wednesday. The stock has a 50-day moving average of $139.34 and a two-hundred day moving average of $138.53. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The stock has a market cap of $30.04 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 4.56 and a beta of 1.20.

Extra Space Storage (NYSE:EXR – Get Free Report) last released its earnings results 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 firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts anticipate that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 4.6%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

Extra Space Storage Profile

(Free Report)

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.