15,637 Extra Space Storage Inc $EXR Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its holdings in Extra Space Storage Inc (NYSE:EXR) by 10.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 134,714 shares of the real estate investment trust’s stock after selling 15,637 shares during the period. Gradient Investments LLC’s holdings in Extra Space Storage were worth $17,716,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Extra Space Storage during the 2nd quarter valued at $3,334,263,000. Cohen & Steers Inc. increased its position in Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after acquiring an additional 1,888,763 shares during the last quarter. First Eagle Investment Management LLC increased its position in Extra Space Storage by 1.0% during the second quarter. First Eagle Investment Management LLC now owns 3,876,997 shares of the real estate investment trust’s stock valued at $563,328,000 after acquiring an additional 38,306 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Extra Space Storage by 2.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,944,084 shares of the real estate investment trust’s stock valued at $513,599,000 after acquiring an additional 77,221 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Extra Space Storage by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,206,587 shares of the real estate investment trust’s stock worth $420,461,000 after purchasing an additional 33,631 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 research reports. Evercore set a $146.00 price target on shares of Extra Space Storage in a research report on Monday, September 21st. UBS Group increased their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Mizuho cut their price target on Extra Space Storage from $155.00 to $152.00 and set an “outperform” rating for the company in a report on Wednesday, September 2nd. Barclays upped their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Truist Financial raised Extra Space Storage from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $148.00 to $147.00 in a research note on Thursday, October 1st. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.40.

Extra Space Storage Price Performance

EXR stock traded up $0.04 during midday trading on Thursday, hitting $131.75. The company’s stock had a trading volume of 718,140 shares, compared to its average volume of 1,256,084. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a 50 day moving average of $141.05 and a two-hundred day moving average of $142.16. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 3.97 and a beta of 1.15.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. During the same quarter last year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, analysts expect that Extra Space Storage Inc will post 8.34 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s payout ratio is presently 143.05%.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and develops self-storage facilities. Its properties provide personal and business customers with space for storing household goods, vehicles, business inventory and other belongings in a range of unit sizes. Many facilities offer features such as climate-controlled units, drive-up access, online rentals and electronic payments.

The company also provides third-party management services for self-storage properties owned by other investors and participates in joint ventures.