Extra Space Storage Inc $EXR Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC decreased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,384 shares of the real estate investment trust’s stock after selling 7,601 shares during the period. Pallas Capital Advisors LLC’s holdings in Extra Space Storage were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXR. Vanguard Group Inc. boosted its holdings in shares of Extra Space Storage by 0.5% in the third 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 in the last quarter. State Street Corp raised its holdings in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares in the last quarter. Capital World Investors raised 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 worth $1,009,371,000 after purchasing an additional 33,622 shares in the last quarter. Principal Financial Group Inc. lifted its position in Extra Space Storage by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Capital International Investors lifted its position in 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. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EXR shares. Royal Bank Of Canada lifted their price target on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Morgan Stanley decreased their target price on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Barclays lifted their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Finally, Wells Fargo & Company cut their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.80.

Extra Space Storage Price Performance

NYSE EXR opened at $132.53 on Thursday. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $155.19. The business’s fifty day moving average is $141.13 and its two-hundred day moving average is $138.71. The stock has a market capitalization of $27.98 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $2.03 EPS. 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 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.9%. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

Insider Transactions at Extra Space Storage

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 transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

About Extra Space Storage

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.