Lido Advisors LLC Sells 4,271 Shares of Extra Space Storage Inc $EXR

Lido Advisors LLC trimmed its position in Extra Space Storage Inc (NYSE:EXR) by 42.5% during the 1st quarter, HoldingsChannel reports. The firm owned 5,788 shares of the real estate investment trust’s stock after selling 4,271 shares during the period. Lido Advisors LLC’s holdings in Extra Space Storage were worth $759,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cohen & Steers Inc. grew its position in Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after buying an additional 1,888,763 shares during the period. State Street Corp grew its position in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after acquiring an additional 230,697 shares during the period. Norges Bank bought a new stake in shares of Extra Space Storage during the 4th quarter valued at $1,219,606,000. Capital International Investors increased its stake in shares of Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after purchasing an additional 2,658,947 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Extra Space Storage by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock worth $771,397,000 after purchasing an additional 56,118 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXR has been the subject of several recent research reports. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Friday, July 17th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Mizuho lifted their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $146.53.

Extra Space Storage News Roundup

Here are the key news stories impacting Extra Space Storage this week:

• Positive Sentiment: Core FFO beat estimates: Core funds from operations were $2.15 per share, above the $2.06 consensus estimate and up from $2.05 a year earlier. Net income attributable to common shareholders rose 5.9% year over year to $1.25 per diluted share. Extra Space Storage Beats Q2 FFO and Revenue Estimates
• Positive Sentiment: Revenue and operating income grew: Second-quarter revenue increased 3.9% year over year to approximately $874.2 million. Same-store revenue grew 2.4%, while same-store net operating income rose 3.5%, indicating continued underlying operating growth. Extra Space Storage Reports 2026 Second Quarter Results
• Positive Sentiment: Full-year outlook improved: EXR set or raised its 2026 Core FFO guidance to $8.25-$8.40 per share, broadly bracketing the $8.26 analyst consensus and supporting expectations for continued earnings growth.
• Positive Sentiment: Capital deployment and income remain supportive: The company acquired 17 operating stores and a joint-venture interest for $90.7 million, originated $140.6 million of real-estate loans, and paid a quarterly dividend of $1.62 per share.
• Neutral Sentiment: Revenue was essentially in line: Reported revenue was slightly below the $874.99 million analyst estimate, limiting the size of the positive surprise on the top line. Compared to Estimates Extra Space Storage Q2 Earnings
• Negative Sentiment: Occupancy edged lower: Ending same-store occupancy was 94.2%, down from 94.4% a year earlier, suggesting modest pressure on demand or pricing.
• Negative Sentiment: Insider selling: CEO Joseph Margolis and Chief Legal Officer Gwyn Goodson McNeal sold shares in recent months. These transactions may create a minor sentiment headwind, although they do not change the quarter’s operating results.

Extra Space Storage Price Performance

NYSE:EXR opened at $151.84 on Wednesday. The business’s 50-day simple moving average is $146.13 and its two-hundred day simple moving average is $142.97. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19. The stock has a market cap of $32.08 billion, a PE ratio of 34.04, a P/E/G ratio of 4.59 and a beta of 1.19. 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 (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). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period last year, the company earned $2.00 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.62 dividend. The ex-dividend date of this dividend was 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%.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.96% of the stock is owned by insiders.

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.