NewEdge Wealth LLC Cuts Stock Holdings in Extra Space Storage Inc $EXR

NewEdge Wealth LLC reduced its position in Extra Space Storage Inc (NYSE:EXR) by 56.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,267 shares of the real estate investment trust’s stock after selling 4,243 shares during the quarter. NewEdge Wealth LLC’s holdings in Extra Space Storage were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Extra Space Storage by 60.2% in 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 in the last quarter. Brown Advisory Inc. grew its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Extra Space Storage by 10.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 91 shares in the last quarter. CX Institutional raised its holdings in Extra Space Storage by 8.7% in the 3rd quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Extra Space Storage by 0.9% in the third quarter. Fifth Third Bancorp now owns 11,084 shares of the real estate investment trust’s stock valued at $1,562,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EXR shares. Truist Financial lifted their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Morgan Stanley lowered their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Evercore reissued a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Finally, 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 note on Monday. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $145.13.

Extra Space Storage Stock Performance

NYSE:EXR opened at $149.74 on Wednesday. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.24. The firm has a market capitalization of $31.62 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27. The business’s fifty day moving average price is $139.24 and its 200 day moving average price is $139.05.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. During the same period in the previous year, the business earned $2.03 EPS. Extra Space Storage’s revenue for the quarter was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

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.