Capital Research Global Investors Has $6.86 Million Stake in Extra Space Storage Inc $EXR

Capital Research Global Investors trimmed its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 83.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,642 shares of the real estate investment trust’s stock after selling 269,672 shares during the period. Capital Research Global Investors’ holdings in Extra Space Storage were worth $6,855,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in Extra Space Storage during the third quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage during the third quarter worth $28,000. Rosenberg Matthew Hamilton increased its position in Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 217 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 92 shares during the last quarter. Finally, Logan Capital Management Inc. increased its position in Extra Space Storage by 313.7% during the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 229 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade 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. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on EXR shares. Mizuho increased their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Wednesday, March 18th. Truist Financial lowered their target price on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company increased their target price on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $152.29.

Extra Space Storage Stock Up 2.2%

EXR stock opened at $148.20 on Wednesday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The company has a market cap of $31.31 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 4.71 and a beta of 1.20. The business’s 50-day simple moving average is $141.11 and its 200 day simple moving average is $139.11. 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 earnings results 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 firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same period last year, the business earned $2.00 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.62 per share. 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 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Extra Space Storage 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.