Resona Asset Management Co. Ltd. Sells 5,771 Shares of Extra Space Storage Inc $EXR

Posted by Brian Himes on May 21st, 2026

Resona Asset Management Co. Ltd. cut its stake in Extra Space Storage Inc (NYSE:EXR – Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,464 shares of the real estate investment trust’s stock after selling 5,771 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.06% of Extra Space Storage worth $15,865,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. ProShare Advisors LLC raised its holdings in Extra Space Storage by 7.5% in the 4th quarter. ProShare Advisors LLC now owns 47,744 shares of the real estate investment trust’s stock worth $6,217,000 after purchasing an additional 3,311 shares in the last quarter. Aegis Wealth Management Inc. bought a new position in Extra Space Storage in the 4th quarter worth $730,000. North Dakota State Investment Board bought a new position in Extra Space Storage in the 4th quarter worth $941,000. Canada Post Corp Registered Pension Plan raised its holdings in Extra Space Storage by 39.9% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 3,962 shares of the real estate investment trust’s stock worth $516,000 after purchasing an additional 1,130 shares in the last quarter. Finally, AlphaCore Capital LLC raised its holdings in Extra Space Storage by 17.8% in the 4th quarter. AlphaCore Capital LLC now owns 3,913 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 591 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EXR shares. Truist Financial decreased their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Wednesday, March 18th. UBS Group increased their price target on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada increased their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.00.

Get Our Latest Stock Report on EXR

Extra Space Storage Stock Up 1.4%

Shares of Extra Space Storage stock opened at $142.29 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The company has a 50-day moving average of $138.72 and a 200 day moving average of $137.88. The firm has a market cap of $30.06 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 4.57 and a beta of 1.22. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19.

Extra Space Storage (NYSE:EXR – Get Free Report) last issued its quarterly 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). The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts anticipate that Extra Space Storage Inc will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Extra Space Storage Company Profile

(Free Report)

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.