Rep. Julia Letlow Sells Extra Space Storage Inc (NYSE:EXR) Shares

Representative Julia Letlow (R-Louisiana) recently sold shares of Extra Space Storage Inc (NYSE:EXR). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Extra Space Storage stock on November 3rd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.

Extra Space Storage Stock Up 1.6%

Shares of NYSE EXR opened at $147.04 on Friday. The stock has a fifty day moving average price of $132.59 and a 200 day moving average price of $139.86. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $162.77. The company has a market cap of $31.21 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.68 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.02. The company had revenue of $858.46 million during the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio is currently 144.64%.

Analyst Ratings Changes

Several analysts have recently commented on EXR shares. Mizuho raised their target price on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday. 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 report on Friday, December 5th. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. UBS Group reduced their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada lowered their price objective on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.27.

Hedge Funds Weigh In On Extra Space Storage

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Extra Space Storage during the 2nd quarter worth approximately $1,058,303,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Extra Space Storage by 900.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after purchasing an additional 1,969,013 shares in the last quarter. Resolution Capital Ltd grew its holdings in shares of Extra Space Storage by 116.2% during the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Extra Space Storage by 85.7% during the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock worth $203,160,000 after buying an additional 665,204 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Extra Space Storage by 60.1% in the 2nd quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock worth $217,828,000 after purchasing an additional 554,666 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.