Extra Space Storage (NYSE:EXR) EVP Sells $495,000.00 in Stock

Extra Space Storage Inc (NYSE:EXR) EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $150.33 on Monday. The business has a fifty day moving average of $142.29 and a 200-day moving average of $139.53. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The firm has a market cap of $31.76 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 4.89 and a beta of 1.20.

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

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend 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 is 145.29%.

Hedge Funds Weigh In On Extra Space Storage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in Extra Space Storage by 27.8% during the 1st quarter. Parallel Advisors LLC now owns 1,521 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 331 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Extra Space Storage by 8.7% in the 1st quarter. Glenmede Trust Co. NA now owns 4,997 shares of the real estate investment trust’s stock valued at $655,000 after purchasing an additional 399 shares during the period. Bank of America Corp DE lifted its stake in shares of Extra Space Storage by 24.9% in the 1st quarter. Bank of America Corp DE now owns 780,236 shares of the real estate investment trust’s stock valued at $102,312,000 after purchasing an additional 155,501 shares during the period. Edgestream Partners L.P. boosted its position in shares of Extra Space Storage by 27.3% in the 1st quarter. Edgestream Partners L.P. now owns 32,371 shares of the real estate investment trust’s stock worth $4,245,000 after purchasing an additional 6,940 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of Extra Space Storage by 6.7% in the 1st quarter. Arkadios Wealth Advisors now owns 16,295 shares of the real estate investment trust’s stock worth $2,137,000 after purchasing an additional 1,022 shares during the last quarter. 99.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on EXR. Barclays boosted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their target price 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. Scotiabank upped their price target on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada raised their price target on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a 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, the stock presently has an average rating of “Hold” and a consensus price target of $152.29.

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.