Nisa Investment Advisors LLC Sells 15,240 Shares of Extra Space Storage Inc $EXR

Nisa Investment Advisors LLC trimmed its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,162 shares of the real estate investment trust’s stock after selling 15,240 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Extra Space Storage were worth $9,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after buying an additional 161,171 shares during the last quarter. State Street Corp increased its holdings in shares of Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares in the last quarter. Capital World Investors lifted its stake in shares of Extra Space Storage by 0.5% in the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock valued at $1,009,371,000 after acquiring an additional 33,622 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Extra Space Storage by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after acquiring an additional 406,146 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Extra Space Storage by 1.0% during the 3rd quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust’s stock valued at $507,065,000 after acquiring an additional 35,752 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $132.53 on Thursday. The stock has a market cap of $27.98 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 2.63 and a beta of 1.26. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $155.19. The company’s fifty day moving average is $141.13 and its 200 day moving average is $138.71. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Morgan Stanley dropped their target price on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Mizuho lifted their price target on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price objective on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Wednesday, March 18th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $143.80.

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.