Sterling Capital Management LLC Cuts Position in Extra Space Storage Inc $EXR

Posted by Brian Himes on Jun 29th, 2026

Sterling Capital Management LLC decreased its position in Extra Space Storage Inc (NYSE:EXR – Free Report) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,271 shares of the real estate investment trust’s stock after selling 6,335 shares during the quarter. Sterling Capital Management LLC’s holdings in Extra Space Storage were worth $2,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pensionfund Sabic acquired a new position in shares of Extra Space Storage during the fourth quarter worth $1,153,000. Nomura Asset Management Co. Ltd. increased its holdings in Extra Space Storage by 2.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock valued at $50,922,000 after buying an additional 9,492 shares during the last quarter. Bayhunt Capital LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at $14,650,000. Norges Bank acquired a new stake in Extra Space Storage in the fourth quarter valued at $1,219,606,000. Finally, Manning & Napier Advisors LLC lifted its holdings in Extra Space Storage by 3,007.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after buying an additional 38,799 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXR shares. Mizuho upped their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Scotiabank upped their price target on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $153.07.

Check Out Our Latest Stock Analysis on EXR

Insiders Place Their Bets

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $149.18 on Monday. The stock’s 50-day moving average is $144.11 and its two-hundred day moving average is $140.55. The firm has a market cap of $31.52 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 4.62 and a beta of 1.20. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. 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 posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $851.35 million. During the same quarter last year, the firm posted $2.00 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts predict that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.3%. Extra Space Storage’s payout ratio is 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.