Sei Investments Co. Sells 24,621 Shares of Extra Space Storage Inc $EXR

Sei Investments Co. lowered its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 2.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 942,885 shares of the real estate investment trust’s stock after selling 24,621 shares during the period. Sei Investments Co.’s holdings in Extra Space Storage were worth $123,640,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Cohen & Steers Inc. raised its holdings in shares of Extra Space Storage by 13.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after purchasing an additional 1,888,763 shares during the period. State Street Corp lifted its stake in Extra Space Storage by 1.7% in the third 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 purchasing an additional 230,697 shares during the last quarter. Norges Bank bought a new position in Extra Space Storage during the fourth quarter valued at $1,219,606,000. Capital International Investors increased its position in Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after buying an additional 2,658,947 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Extra Space Storage by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock valued at $771,397,000 after buying an additional 56,118 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $145.60 on Friday. The company has a 50 day moving average of $145.50 and a 200 day moving average of $142.64. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $30.76 billion, a P/E ratio of 32.65, a P/E/G ratio of 4.49 and a beta of 1.19. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the company earned $2.00 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EXR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Friday, July 17th. Mizuho lifted their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Raymond James Financial assumed coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price objective on the stock. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. 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. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $146.27.

Insider Activity

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction 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 completion of the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Company 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.