Extra Space Storage Inc $EXR Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,577,249 shares of the real estate investment trust’s stock after selling 6,365 shares during the quarter. First Eagle Investment Management LLC owned 0.74% of Extra Space Storage worth $222,297,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EXR. Versant Capital Management Inc lifted its holdings in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares in the last quarter. Brown Advisory Inc. lifted its stake 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 purchasing an additional 80 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of Extra Space Storage by 2.9% in the third quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 88 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Extra Space Storage by 10.2% in the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 91 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Extra Space Storage by 8.7% in the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EXR shares. Scotiabank upped their price target on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday. Evercore reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Truist Financial raised their target price on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wells Fargo & Company dropped their target price on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Mizuho raised their price objective on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Five 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 data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and a consensus price target of $144.73.

Extra Space Storage Trading Up 1.1%

NYSE EXR opened at $152.75 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $160.58. The company has a 50-day simple moving average of $140.73 and a 200-day simple moving average of $139.42. The firm has a market capitalization of $32.25 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 3.04 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. Extra Space Storage’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.87%.

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.