Extra Space Storage Inc $EXR Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd trimmed its stake in Extra Space Storage Inc (NYSE:EXR) by 30.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,433,812 shares of the real estate investment trust’s stock after selling 628,191 shares during the quarter. Extra Space Storage makes up about 4.0% of Resolution Capital Ltd’s portfolio, making the stock its 10th biggest holding. Resolution Capital Ltd’s holdings in Extra Space Storage were worth $188,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in shares of Extra Space Storage by 37.8% in the 1st quarter. Empowered Funds LLC now owns 7,353 shares of the real estate investment trust’s stock valued at $964,000 after buying an additional 2,016 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Extra Space Storage by 21.9% in the first quarter. Quantinno Capital Management LP now owns 95,819 shares of the real estate investment trust’s stock valued at $12,565,000 after buying an additional 17,243 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Extra Space Storage during the first quarter worth $3,160,000. Gateway Wealth Partners LLC acquired a new position in Extra Space Storage during the first quarter worth $243,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Extra Space Storage by 28.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 9,775 shares of the real estate investment trust’s stock worth $1,282,000 after buying an additional 2,182 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Ratings Changes

EXR has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Truist Financial boosted their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Mizuho upped their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their target price for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.53.

Extra Space Storage Stock Up 2.4%

EXR opened at $151.84 on Wednesday. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The stock’s fifty day simple moving average is $146.13 and its 200 day simple moving average is $142.97. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $32.08 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 4.59 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (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 business had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same period in the prior year, the business earned $2.00 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Insider Activity

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Key Headlines Impacting Extra Space Storage

Here are the key news stories impacting Extra Space Storage this week:

• Positive Sentiment: Core FFO beat estimates: Core funds from operations were $2.15 per share, above the $2.06 consensus estimate and up from $2.05 a year earlier. Net income attributable to common shareholders rose 5.9% year over year to $1.25 per diluted share. Extra Space Storage Beats Q2 FFO and Revenue Estimates
• Positive Sentiment: Revenue and operating income grew: Second-quarter revenue increased 3.9% year over year to approximately $874.2 million. Same-store revenue grew 2.4%, while same-store net operating income rose 3.5%, indicating continued underlying operating growth. Extra Space Storage Reports 2026 Second Quarter Results
• Positive Sentiment: Full-year outlook improved: EXR set or raised its 2026 Core FFO guidance to $8.25-$8.40 per share, broadly bracketing the $8.26 analyst consensus and supporting expectations for continued earnings growth.
• Positive Sentiment: Capital deployment and income remain supportive: The company acquired 17 operating stores and a joint-venture interest for $90.7 million, originated $140.6 million of real-estate loans, and paid a quarterly dividend of $1.62 per share.
• Neutral Sentiment: Revenue was essentially in line: Reported revenue was slightly below the $874.99 million analyst estimate, limiting the size of the positive surprise on the top line. Compared to Estimates Extra Space Storage Q2 Earnings
• Negative Sentiment: Occupancy edged lower: Ending same-store occupancy was 94.2%, down from 94.4% a year earlier, suggesting modest pressure on demand or pricing.
• Negative Sentiment: Insider selling: CEO Joseph Margolis and Chief Legal Officer Gwyn Goodson McNeal sold shares in recent months. These transactions may create a minor sentiment headwind, although they do not change the quarter’s operating results.

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.