Intech Investment Management LLC Decreases Holdings in Extra Space Storage Inc $EXR

Intech Investment Management LLC decreased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,228 shares of the real estate investment trust’s stock after selling 8,396 shares during the quarter. Intech Investment Management LLC’s holdings in Extra Space Storage were worth $941,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avalon Trust Co purchased a new stake in shares of Extra Space Storage during 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 3rd quarter worth approximately $28,000. Rosenberg Matthew Hamilton boosted its stake in shares of Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Logan Capital Management Inc. boosted its stake in shares of Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 229 shares in the last quarter. Finally, Tobam boosted its stake in shares of Extra Space Storage by 66.1% during the 3rd quarter. Tobam now owns 319 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXR. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on 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 cut their price objective on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. UBS Group lifted their price objective on Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Royal Bank Of Canada lifted their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $152.29.

Extra Space Storage Trading Up 0.0%

EXR stock opened at $145.34 on Monday. The company has a market cap of $30.71 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 4.72 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. The business has a fifty day simple moving average of $140.43 and a 200-day simple moving average of $138.87. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19.

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

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.