Extra Space Storage (NYSE:EXR) CEO Joseph Margolis Sells 7,500 Shares of Stock

Extra Space Storage Inc (NYSE:EXR) CEO Joseph Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Extra Space Storage Stock Down 1.4%

NYSE EXR opened at $139.46 on Tuesday. The stock’s 50 day simple moving average is $143.59 and its 200 day simple moving average is $139.77. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $155.19. The firm has a market cap of $29.44 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.05. The firm had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s payout ratio is currently 140.87%.

Institutional Trading of Extra Space Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in shares of Extra Space Storage during the 4th quarter worth approximately $26,000. Avalon Trust Co acquired a new position in Extra Space Storage in the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage in the third quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Finally, Davis Capital Management bought a new position in Extra Space Storage in the third quarter valued at approximately $35,000. 99.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on EXR. Royal Bank Of Canada increased their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Wells Fargo & Company dropped their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. UBS Group reduced 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 research report on Thursday, January 8th. Truist Financial increased their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.13.

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.