Securian Asset Management Inc. Sells 4,380 Shares of Extra Space Storage Inc $EXR

Securian Asset Management Inc. cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 43.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,771 shares of the real estate investment trust’s stock after selling 4,380 shares during the quarter. Securian Asset Management Inc.’s holdings in Extra Space Storage were worth $752,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock valued at $4,852,680,000 after acquiring an additional 161,171 shares during the period. State Street Corp raised its stake in Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after acquiring an additional 230,697 shares during the period. Capital World Investors lifted its holdings in Extra Space Storage by 0.5% during the third quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock valued at $1,009,371,000 after purchasing an additional 33,622 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Extra Space Storage by 6.4% during the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after purchasing an additional 406,146 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Extra Space Storage by 1.0% in the third quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust’s stock worth $507,065,000 after purchasing an additional 35,752 shares during the period. Institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXR shares. Wells Fargo & Company decreased their price objective on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Royal Bank Of Canada increased their price target on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Barclays raised their price target on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $150.29.

Extra Space Storage Price Performance

EXR stock opened at $142.47 on Thursday. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company’s fifty day moving average price is $139.51 and its 200-day moving average price is $138.04. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $30.10 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 4.71 and a beta of 1.22.

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 for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts anticipate that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $1.62 per share. The ex-dividend date was Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by insiders.

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.