Extra Space Storage Inc $EXR Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 13.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,179,545 shares of the real estate investment trust’s stock after selling 182,877 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Extra Space Storage were worth $154,605,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cromwell Holdings LLC increased its holdings in 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 last quarter. Gilman Hill Asset Management LLC raised its stake in Extra Space Storage by 5.0% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 80 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 80 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Extra Space Storage by 18.9% during the 4th quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 86 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Extra Space Storage by 39.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXR. Wells Fargo & Company boosted their price target on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Mizuho raised their price objective 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. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, UBS Group increased their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $153.07.

Extra Space Storage Price Performance

Shares of EXR opened at $149.18 on Monday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a fifty day moving average price of $144.11 and a 200 day moving average price of $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.

Extra Space Storage (NYSE:EXR) last posted 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). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter in the previous year, the business posted $2.00 earnings per share. The business’s quarterly 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, research analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were 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 at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

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.