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 transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Extra Space Storage Price Performance

Extra Space Storage stock traded up $0.07 during mid-day trading on Friday, hitting $150.33. 890,142 shares of the company were exchanged, compared to its average volume of 1,259,430. The business has a fifty day moving average of $141.93 and a 200 day moving average of $139.39. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The company has a market capitalization of $31.76 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 4.86 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last posted 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). The business had revenue of $856.03 million during 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%.Extra Space Storage’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts expect that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 4.3%. Extra Space Storage’s payout ratio is currently 145.29%.

Institutional Investors Weigh In On Extra Space Storage

Several hedge funds and other institutional investors have recently made changes to their positions in EXR. Parallel Advisors LLC grew its stake in shares of Extra Space Storage by 27.8% during the first quarter. Parallel Advisors LLC now owns 1,521 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 331 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Extra Space Storage by 8.7% during the first quarter. Glenmede Trust Co. NA now owns 4,997 shares of the real estate investment trust’s stock worth $655,000 after purchasing an additional 399 shares during the period. Bank of America Corp DE grew its stake in shares of Extra Space Storage by 24.9% during the first quarter. Bank of America Corp DE now owns 780,236 shares of the real estate investment trust’s stock worth $102,312,000 after purchasing an additional 155,501 shares during the period. Edgestream Partners L.P. grew its stake in shares of Extra Space Storage by 27.3% during the first 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 period. Finally, Arkadios Wealth Advisors grew its stake in shares of Extra Space Storage by 6.7% during the first 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 period. 99.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXR has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective 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. Scotiabank boosted their price objective on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Barclays boosted their price objective on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.