Extra Space Storage Inc $EXR Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 150,351 shares of the real estate investment trust’s stock after selling 12,466 shares during the period. Gradient Investments LLC’s holdings in Extra Space Storage were worth $21,846,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at about $28,000. Reflection Asset Management purchased a new stake in shares of Extra Space Storage during the fourth quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Extra Space Storage during the first quarter worth approximately $30,000. CoreCap Advisors LLC raised its holdings in Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 234 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EXR. UBS Group boosted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, July 30th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Mizuho increased their target price on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $147.73.

Insider Activity at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction on Thursday, June 11th. The shares were 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 in the company, valued at $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by company insiders.

Extra Space Storage Price Performance

EXR stock opened at $149.37 on Friday. The business has a 50 day moving average price of $147.05 and a 200 day moving average price of $143.37. The company has a quick ratio of 0.37, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a market cap of $31.56 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 4.31 and a beta of 1.18. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $158.88.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating the consensus estimate of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period in the prior year, the firm posted $2.05 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Equities research analysts anticipate that Extra Space Storage Inc will post 8.31 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio is presently 143.05%.

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.