Landscape Capital Management L.L.C. Sells 6,763 Shares of Extra Space Storage Inc $EXR

Landscape Capital Management L.L.C. lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 16.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,353 shares of the real estate investment trust’s stock after selling 6,763 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Extra Space Storage were worth $4,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Avalon Trust Co purchased a new stake in shares of Extra Space Storage in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares in the last quarter. Davis Capital Management purchased a new position in Extra Space Storage during the third quarter valued at $35,000. Elevation Point Wealth Partners LLC bought a new stake in Extra Space Storage in the second quarter worth $37,000. Finally, MTM Investment Management LLC bought a new stake in Extra Space Storage in the second quarter worth $38,000. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

EXR stock traded up $1.17 on Friday, hitting $141.35. The company had a trading volume of 103,284 shares, compared to its average volume of 1,352,995. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $155.19. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The stock’s 50-day simple moving average is $143.22 and its 200 day simple moving average is $139.80. The stock has a market cap of $29.84 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.85 and a beta of 1.24.

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 for the quarter, beating analysts’ consensus estimates 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 net margin of 28.84% and a return on equity of 6.79%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXR. Mizuho lifted their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a research note on Thursday, February 5th. Morgan Stanley decreased their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. UBS Group dropped their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.13.

Extra Space Storage 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.