Extra Space Storage Inc $EXR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 79.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,378 shares of the real estate investment trust’s stock after selling 252,645 shares during the period. SG Americas Securities LLC’s holdings in Extra Space Storage were worth $9,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EXR. Chung Wu Investment Group LLC purchased a new stake in shares of Extra Space Storage during the second quarter worth approximately $29,000. Davis Capital Management purchased a new position in Extra Space Storage in the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC purchased a new position in Extra Space Storage in the 2nd quarter valued at $37,000. MTM Investment Management LLC acquired a new position in Extra Space Storage in the 2nd quarter valued at $38,000. Finally, Ameritas Advisory Services LLC purchased a new position in Extra Space Storage during the 2nd quarter worth $75,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXR has been the topic of several analyst reports. UBS Group lowered their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho reduced their price objective on shares of Extra Space Storage from $154.00 to $137.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $146.20.

Extra Space Storage Trading Up 2.1%

Shares of EXR opened at $139.15 on Friday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $162.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $29.53 billion, a P/E ratio of 31.06, a PEG ratio of 2.51 and a beta of 1.27. The firm’s 50-day moving average is $131.67 and its two-hundred day moving average is $139.95.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The company had revenue of $858.46 million during the quarter, compared to analysts’ expectations of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. On average, research analysts predict that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.48 annualized dividend and a yield of 4.7%. Extra Space Storage’s payout ratio is currently 144.64%.

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.