Extra Space Storage Inc $EXR Shares Sold by Capital Research Global Investors

Capital Research Global Investors decreased its stake in Extra Space Storage Inc (NYSE:EXR) by 24.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 322,314 shares of the real estate investment trust’s stock after selling 103,323 shares during the quarter. Capital Research Global Investors’ holdings in Extra Space Storage were worth $45,427,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. NewEdge Advisors LLC lifted its position 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 acquiring an additional 291 shares in the last quarter. Empowered Funds LLC boosted its holdings in 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 worth $729,000 after acquiring an additional 661 shares during the period. Sivia Capital Partners LLC acquired a new stake in Extra Space Storage in the second quarter valued at approximately $457,000. Fox Run Management L.L.C. purchased a new stake in shares of Extra Space Storage during the second quarter valued at approximately $372,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Extra Space Storage during the second quarter valued at approximately $422,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Down 1.1%

Shares of NYSE:EXR opened at $139.93 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $143.22 and a 200 day simple moving average of $139.80. The firm has a market cap of $29.55 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities research analysts anticipate that Extra Space Storage Inc will post 8.1 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, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.87%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXR. Mizuho upped their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Truist Financial boosted their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Morgan Stanley decreased their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research note on Thursday, February 5th. Finally, Scotiabank lifted their target price on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus target price of $145.13.

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.