Extra Space Storage Inc $EXR Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in shares of Extra Space Storage Inc (NYSE:EXR) by 76.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,392 shares of the real estate investment trust’s stock after selling 11,294 shares during the quarter. Truist Financial Corp’s holdings in Extra Space Storage were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cromwell Holdings LLC increased its holdings in shares of Extra Space Storage by 14.6% during the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 73 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 80 shares during the period. Gilman Hill Asset Management LLC boosted its position in shares of Extra Space Storage by 5.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 80 shares during the period. Brown Advisory Inc. boosted 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 worth $653,000 after purchasing an additional 80 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its position in shares of Extra Space Storage by 2.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock worth $441,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXR. Truist Financial lowered their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. UBS Group increased their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $151.00.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $140.47 on Wednesday. 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 52 week low of $125.71 and a 52 week high of $155.19. The stock has a market capitalization of $29.67 billion, a PE ratio of 31.49, a P/E/G ratio of 4.53 and a beta of 1.22. The firm has a 50 day moving average of $138.80 and a two-hundred day moving average of $137.83.

Extra Space Storage (NYSE:EXR) last issued its quarterly 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 business had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same period in the prior year, the business earned $2.00 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, research analysts predict that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

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.