Landscape Capital Management L.L.C. lowered its stake in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,430 shares of the real estate investment trust’s stock after selling 5,923 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Extra Space Storage were worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in Extra Space Storage during the third quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the third quarter worth approximately $28,000. Rosenberg Matthew Hamilton raised its holdings in Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Zions Bancorporation National Association UT raised its holdings in Extra Space Storage by 172.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 193 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.
Analysts Set New Price Targets
EXR has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Scotiabank raised their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada raised their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Finally, Barclays raised their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $152.29.
Extra Space Storage Price Performance
Shares of NYSE EXR opened at $150.33 on Monday. The firm has a market capitalization of $31.76 billion, a P/E ratio of 33.71, a PEG ratio of 4.89 and a beta of 1.20. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company’s fifty day moving average is $142.29 and its two-hundred day moving average is $139.53. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.
Extra Space Storage (NYSE:EXR – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts forecast that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.
Extra Space Storage Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is presently 145.29%.
Insider Activity at Extra Space Storage
In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s 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 approximately $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
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.
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