Extra Space Storage Inc $EXR Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in Extra Space Storage Inc (NYSE:EXR) by 22.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,271 shares of the real estate investment trust’s stock after selling 6,335 shares during the quarter. Sterling Capital Management LLC’s holdings in Extra Space Storage were worth $2,920,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Extra Space Storage by 9.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 291 shares during the period. Empowered Funds LLC lifted its position in Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 661 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Extra Space Storage during the second quarter worth about $457,000. First Trust Advisors LP boosted its stake in Extra Space Storage by 184.1% during the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after buying an additional 70,115 shares during the period. Finally, Brown Advisory Inc. increased its position 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 valued at $653,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of EXR opened at $149.18 on Monday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The firm’s 50 day moving average price is $144.11 and its 200 day moving average price is $140.55. The company has a market cap of $31.52 billion, a P/E ratio of 33.45, a PEG ratio of 4.62 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Wells Fargo & Company increased their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Truist Financial boosted their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Mizuho upped their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their price target on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $153.07.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

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.