Extra Space Storage Inc $EXR Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,445 shares of the real estate investment trust’s stock after selling 25,141 shares during the period. Tudor Investment Corp ET AL’s holdings in Extra Space Storage were worth $12,184,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Avalon Trust Co acquired a new stake in Extra Space Storage during the 3rd quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage in the third quarter valued at $28,000. Versant Capital Management Inc increased its stake in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares during the period. Davis Capital Management purchased a new stake in shares of Extra Space Storage in the third quarter valued at about $35,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Extra Space Storage in the second quarter valued at about $37,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 4.1%

EXR stock opened at $130.35 on Friday. The stock has a market capitalization of $27.52 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. The company has a fifty day moving average of $143.51 and a 200-day moving average of $139.58. 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 $155.19.

Extra Space Storage (NYSE:EXR) last issued its quarterly 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 business had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 5.0%. Extra Space Storage’s payout ratio is presently 140.87%.

Insider Transactions at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the 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 of the company’s stock, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXR shares. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a report on Thursday, February 5th. Mizuho upped 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. Scotiabank increased their price objective 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. Wells Fargo & Company decreased their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Finally, Barclays lifted their target price on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.00.

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.