Securian Asset Management Inc. Sells 4,380 Shares of Extra Space Storage Inc $EXR

Securian Asset Management Inc. lessened its stake in Extra Space Storage Inc (NYSE:EXR) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,771 shares of the real estate investment trust’s stock after selling 4,380 shares during the quarter. Securian Asset Management Inc.’s holdings in Extra Space Storage were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in Extra Space Storage during the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Extra Space Storage in the third quarter worth approximately $28,000. Versant Capital Management Inc grew its holdings in shares of Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of 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 valued at $35,000 after acquiring an additional 217 shares in the last quarter. Finally, Logan Capital Management Inc. increased its position in shares of Extra Space Storage by 313.7% during the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Down 1.6%

Shares of EXR stock opened at $142.47 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The stock has a market capitalization of $30.10 billion, a P/E ratio of 31.94, a P/E/G ratio of 4.71 and a beta of 1.22. The firm’s 50 day moving average is $139.51 and its 200 day moving average is $138.04.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts expect that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXR. Scotiabank upped their price objective on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Truist Financial decreased their price target on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, BNP Paribas Exane raised Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average price target of $150.29.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares in the company, valued at $9,447,609.60. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.