KBC Group NV Sells 7,688 Shares of Extra Space Storage Inc $EXR

KBC Group NV lessened its stake in Extra Space Storage Inc (NYSE:EXR) by 20.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,241 shares of the real estate investment trust’s stock after selling 7,688 shares during the quarter. KBC Group NV’s holdings in Extra Space Storage were worth $3,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of Extra Space Storage by 9.3% during the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 291 shares during the last quarter. Empowered Funds LLC raised its position in Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after purchasing an additional 661 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Extra Space Storage in the 2nd quarter worth approximately $457,000. First Trust Advisors LP lifted its holdings in Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after buying an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 80 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Insider Activity at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $145.60 on Friday. The firm has a fifty day moving average of $145.50 and a two-hundred day moving average of $142.64. 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 stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 4.49 and a beta of 1.19. 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 announced 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 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s payout ratio is presently 145.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group lifted their target price on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Friday, July 17th. Raymond James Financial assumed coverage on Extra Space Storage in a report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price target on the stock. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Finally, Barclays boosted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $146.27.

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.