Capital World Investors Sells 70,357 Shares of Extra Space Storage Inc $EXR

Capital World Investors reduced its position in shares of Extra Space Storage Inc (NYSE:EXR) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,091,003 shares of the real estate investment trust’s stock after selling 70,357 shares during the quarter. Capital World Investors’ holdings in Extra Space Storage were worth $923,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after acquiring an additional 161,171 shares in the last quarter. State Street Corp raised its position in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after acquiring an additional 230,697 shares in the last quarter. Norges Bank bought a new position in shares of Extra Space Storage in the fourth quarter valued at about $1,219,606,000. Capital International Investors raised its position in shares of Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after purchasing an additional 2,658,947 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Extra Space Storage by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock valued at $771,397,000 after purchasing an additional 56,118 shares during the period. 99.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXR. Truist Financial dropped their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. BNP Paribas Exane raised shares of 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. UBS Group increased their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and an average target price of $152.29.

Extra Space Storage Price Performance

EXR stock opened at $145.34 on Monday. The company has a quick ratio of 0.37, a current 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 firm has a market cap of $30.71 billion, a P/E ratio of 32.59, a P/E/G ratio of 4.72 and a beta of 1.20. The company’s 50-day moving average price is $140.43 and its two-hundred day moving average price is $138.87.

Extra Space Storage (NYSE:EXR) last released 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). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the business earned $2.00 earnings per share. Extra Space Storage’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s payout ratio is currently 145.29%.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the sale, the chief executive officer 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 legal filing with the SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

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.