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

Lido Advisors LLC lowered its stake in Extra Space Storage Inc (NYSE:EXR) by 42.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,788 shares of the real estate investment trust’s stock after selling 4,271 shares during the quarter. Lido Advisors LLC’s holdings in Extra Space Storage were worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXR. Cetera Investment Advisers increased its holdings in Extra Space Storage by 16.6% during the 1st quarter. Cetera Investment Advisers now owns 35,830 shares of the real estate investment trust’s stock worth $4,698,000 after purchasing an additional 5,110 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Extra Space Storage by 4,335.6% in the first quarter. Prestige Wealth Management Group LLC now owns 2,617 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 2,558 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Extra Space Storage during the first quarter valued at approximately $193,000. Andra AP fonden boosted its position in shares of Extra Space Storage by 40.2% during the first quarter. Andra AP fonden now owns 44,874 shares of the real estate investment trust’s stock valued at $5,884,000 after buying an additional 12,874 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

More Extra Space Storage News

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.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Up 2.4%

Shares of NYSE:EXR opened at $151.84 on Wednesday. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The firm has a fifty day moving average of $146.13 and a 200 day moving average of $142.97. The firm has a market capitalization of $32.08 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 4.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last issued its earnings results 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 analysts’ expectations 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 quarter in the previous year, the business earned $2.00 EPS. As a group, research analysts anticipate that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business 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 was Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.3%. Extra Space Storage’s payout ratio is 145.29%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EXR shares. UBS Group increased their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Raymond James Financial began coverage on Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target for the company. Finally, Barclays lifted their price target 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 analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.53.

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.