Extra Space Storage (NYSE:EXR) CEO Sells $1,065,600.00 in Stock

Extra Space Storage Inc (NYSE:EXR) CEO Joseph Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. This 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 is available through this link.

Extra Space Storage Stock Performance

NYSE EXR traded down $1.92 on Monday, hitting $139.46. The stock had a trading volume of 1,533,653 shares, compared to its average volume of 1,372,715. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $155.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 2.84 and a beta of 1.24. The company’s 50-day moving average is $143.43 and its two-hundred day moving average is $139.79.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. The company 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%. Extra Space Storage’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

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 paid 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 yield of 4.6%. Extra Space Storage’s payout ratio is presently 140.87%.

Institutional Trading of Extra Space Storage

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cromwell Holdings LLC lifted its holdings in shares of Extra Space Storage by 14.6% in the fourth quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 73 shares during the period. Versant Capital Management Inc raised its position 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 worth $30,000 after acquiring an additional 80 shares in the last quarter. Gilman Hill Asset Management LLC raised its position in Extra Space Storage by 5.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 80 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in Extra Space Storage by 18.9% in the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

EXR has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Mizuho upped their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. UBS Group decreased their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Royal Bank Of Canada raised their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company dropped their price target on shares of 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. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and an average price target of $145.13.

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.