HighTower Advisors LLC Sells 26,408 Shares of Extra Space Storage Inc $EXR

HighTower Advisors LLC lessened its position in shares of Extra Space Storage Inc (NYSE:EXR) by 54.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,368 shares of the real estate investment trust’s stock after selling 26,408 shares during the period. HighTower Advisors LLC’s holdings in Extra Space Storage were worth $2,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avalon Trust Co acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $28,000. Rosenberg Matthew Hamilton increased its position in Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Logan Capital Management Inc. increased its position in Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares in the last quarter. Finally, Tobam increased its position in Extra Space Storage by 66.1% during the 3rd quarter. Tobam now owns 319 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Transactions at Extra Space Storage

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 transaction of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

Extra Space Storage Price Performance

EXR stock opened at $144.50 on Friday. The company has a fifty day moving average price of $139.25 and a 200-day moving average price of $138.43. The company has a market capitalization of $30.53 billion, a P/E ratio of 32.40, a PEG ratio of 4.69 and a beta of 1.22. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts expect that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EXR shares. UBS Group upped 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, May 18th. Scotiabank upped their price objective on shares of 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday, February 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 research report on Wednesday, March 18th. Five research 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 data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $151.86.

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.