Russell Investments Group Ltd. Sells 224,735 Shares of Extra Space Storage Inc $EXR

Russell Investments Group Ltd. cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 15.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,216,709 shares of the real estate investment trust’s stock after selling 224,735 shares during the quarter. Russell Investments Group Ltd.’s holdings in Extra Space Storage were worth $158,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXR. Avalon Trust Co purchased a new position in Extra Space Storage in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Extra Space Storage during the third quarter valued at approximately $28,000. Rosenberg Matthew Hamilton boosted its stake in shares of Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 217 shares during the period. Zions Bancorporation National Association UT grew its holdings in shares of Extra Space Storage by 172.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 193 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Extra Space Storage by 39.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 92 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXR. Truist Financial lowered their price target on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. UBS Group boosted their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Finally, Scotiabank increased their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average target price of $153.21.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $146.49 on Wednesday. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The stock has a market capitalization of $30.95 billion, a P/E ratio of 32.85, a P/E/G ratio of 4.76 and a beta of 1.20. The company’s 50-day moving average is $142.79 and its 200 day moving average is $139.72. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the previous year, the firm posted $2.00 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts expect that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

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.