Extra Space Storage Inc $EXR Shares Sold by BROOKFIELD Corp ON

BROOKFIELD Corp ON decreased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 6.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 177,998 shares of the real estate investment trust’s stock after selling 12,373 shares during the period. BROOKFIELD Corp ON’s holdings in Extra Space Storage were worth $23,341,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXR. Lazard Asset Management LLC acquired a new position in shares of Extra Space Storage during the first quarter valued at about $3,160,000. Gateway Wealth Partners LLC acquired a new stake in Extra Space Storage in the 1st quarter worth approximately $243,000. OMERS ADMINISTRATION Corp grew its position in Extra Space Storage by 28.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,775 shares of the real estate investment trust’s stock worth $1,282,000 after purchasing an additional 2,182 shares during the last quarter. Callodine Capital Management LP grew its position in Extra Space Storage by 13.0% during the 1st quarter. Callodine Capital Management LP now owns 56,500 shares of the real estate investment trust’s stock worth $7,409,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in Extra Space Storage during the 1st quarter valued at approximately $271,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.0%

Shares of NYSE:EXR opened at $147.77 on Monday. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The company has a market capitalization of $31.22 billion, a PE ratio of 33.13, a PEG ratio of 4.57 and a beta of 1.19. The business has a 50 day moving average of $145.72 and a two-hundred day moving average of $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.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s dividend payout ratio is 145.29%.

Insider Buying and Selling

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EXR shares. Truist Financial raised their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. UBS Group upped their target price on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Raymond James Financial initiated coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $146.53.

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.