Resona Asset Management Co. Ltd. Cuts Stake in Extra Space Storage Inc $EXR

Resona Asset Management Co. Ltd. trimmed its position in shares of Extra Space Storage Inc (NYSE:EXR) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 121,464 shares of the real estate investment trust’s stock after selling 5,771 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Extra Space Storage were worth $15,865,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its position in 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 valued at $75,000 after purchasing an additional 73 shares during the last quarter. Gilman Hill Asset Management LLC grew its position in 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 valued at $220,000 after purchasing an additional 80 shares during the last quarter. Brown Advisory Inc. boosted its holdings 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 last quarter. Prestige Wealth Management Group LLC boosted its holdings 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 valued at $441,000 after acquiring an additional 88 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of Extra Space Storage by 6.3% during the 4th quarter. Fulton Bank N.A. now owns 1,575 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 93 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the 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 transaction, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by company insiders.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $142.29 on Thursday. The firm’s 50 day moving average price is $138.72 and its 200-day moving average price is $137.88. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $30.06 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 4.57 and a beta of 1.22.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. During the same quarter last year, the company earned $2.00 EPS. Extra Space Storage’s revenue for the quarter 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. Equities research analysts expect that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm 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. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio is 145.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. UBS Group raised their price target on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Wells Fargo & Company dropped their price target on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Barclays raised their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.00.

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.