Gwyn Goodson Mcneal Sells 3,300 Shares of Extra Space Storage (NYSE:EXR) Stock

Extra Space Storage Inc (NYSE:EXR) EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $150.33 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The company has a market capitalization of $31.76 billion, a P/E ratio of 33.71, a P/E/G ratio of 4.89 and a beta of 1.20. The firm’s 50 day simple moving average is $142.29 and its two-hundred day simple moving average is $139.46.

Extra Space Storage (NYSE:EXR) last released its 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 return on equity of 6.65% and a net margin of 27.66%.The company had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same period last year, the firm posted $2.00 EPS. Extra Space Storage’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts expect that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. Extra Space Storage’s payout ratio is 145.29%.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Truist Financial reduced their target price on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, UBS Group increased their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Five equities 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.com, the company has an average rating of “Hold” and an average price target of $152.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in Extra Space Storage by 27.8% during the 1st quarter. Parallel Advisors LLC now owns 1,521 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 331 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Extra Space Storage by 8.7% during the first quarter. Glenmede Trust Co. NA now owns 4,997 shares of the real estate investment trust’s stock valued at $655,000 after buying an additional 399 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Extra Space Storage by 24.9% during the first quarter. Bank of America Corp DE now owns 780,236 shares of the real estate investment trust’s stock valued at $102,312,000 after buying an additional 155,501 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Extra Space Storage by 27.3% during the first quarter. Edgestream Partners L.P. now owns 32,371 shares of the real estate investment trust’s stock valued at $4,245,000 after buying an additional 6,940 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Extra Space Storage by 6.7% during the first quarter. Arkadios Wealth Advisors now owns 16,295 shares of the real estate investment trust’s stock valued at $2,137,000 after buying an additional 1,022 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

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.