Extra Space Storage Inc $EXR Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Extra Space Storage Inc (NYSE:EXR) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 419,867 shares of the real estate investment trust’s stock after selling 31,869 shares during the quarter. Voya Investment Management LLC’s holdings in Extra Space Storage were worth $59,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EXR. Raymond James Financial Inc. lifted its position in shares of Extra Space Storage by 4.4% during the first quarter. Raymond James Financial Inc. now owns 321,841 shares of the real estate investment trust’s stock worth $47,790,000 after purchasing an additional 13,551 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Extra Space Storage during the first quarter valued at approximately $2,155,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Extra Space Storage by 3.9% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,408 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 203 shares during the last quarter. Credit Agricole S A grew its position in shares of Extra Space Storage by 8.0% in the 1st quarter. Credit Agricole S A now owns 59,771 shares of the real estate investment trust’s stock worth $8,875,000 after acquiring an additional 4,410 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in Extra Space Storage by 359.1% in the first quarter. Capital Analysts LLC now owns 1,708 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 1,336 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total value of $1,060,575.00. Following the completion of the sale, the chief executive officer directly owned 19,760 shares in the company, valued at $2,794,261.60. This represents a 27.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXR shares. Royal Bank Of Canada dropped their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. UBS Group lowered their target price on Extra Space Storage from $169.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Wells Fargo & Company raised Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Tuesday, August 26th. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Finally, Scotiabank lowered their price objective on Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.00.

Extra Space Storage Stock Down 0.6%

EXR opened at $130.17 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The stock’s 50 day moving average price is $136.21 and its 200 day moving average price is $141.72. The stock has a market cap of $27.63 billion, a P/E ratio of 29.06, a P/E/G ratio of 2.49 and a beta of 1.27.

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

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 144.64%.

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.