Natixis Advisors LLC Sells 20,819 Shares of Extra Space Storage Inc $EXR

Natixis Advisors LLC trimmed its stake in Extra Space Storage Inc (NYSE:EXR) by 39.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,219 shares of the real estate investment trust’s stock after selling 20,819 shares during the period. Natixis Advisors LLC’s holdings in Extra Space Storage were worth $4,196,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avalon Trust Co bought a new position in shares of Extra Space Storage in the third quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Extra Space Storage in the third quarter worth approximately $28,000. Rosenberg Matthew Hamilton increased its position in shares of Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Logan Capital Management Inc. increased its position in shares of Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares during the last quarter. Finally, Tobam increased its position in shares of Extra Space Storage by 66.1% in the third quarter. Tobam now owns 319 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 127 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Wells Fargo & Company upped 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. Barclays upped their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. UBS Group upped their price objective on shares of 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, Scotiabank upped their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.29.

Extra Space Storage Stock Performance

NYSE:EXR opened at $144.93 on Tuesday. The firm has a market cap of $30.62 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.72 and a beta of 1.20. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. 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 business has a 50 day moving average price of $140.72 and a 200-day moving average price of $138.97.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts predict that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Announces Dividend

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

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.