Extra Space Storage Inc $EXR Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 14.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 504,602 shares of the real estate investment trust’s stock after selling 84,669 shares during the period. Thrivent Financial for Lutherans’ holdings in Extra Space Storage were worth $65,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock valued at $4,852,680,000 after acquiring an additional 161,171 shares during the last quarter. State Street Corp lifted its position in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after acquiring an additional 230,697 shares during the last quarter. Capital World Investors lifted its position in shares of Extra Space Storage by 0.5% during 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 position in shares of Extra Space Storage by 6.4% during 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 lifted its position 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 during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Friday, March 13th. The shares were 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 approximately $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Price Performance

EXR opened at $136.84 on Friday. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $28.91 billion, a P/E ratio of 30.68, a PEG ratio of 4.63 and a beta of 1.22. The stock has a fifty day moving average of $139.08 and a 200-day moving average of $137.98.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $851.35 million. During the same period last year, the company posted $2.00 earnings per share. The company’s 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. Equities analysts forecast that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXR shares. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a report on Wednesday, March 18th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Scotiabank increased their target price on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. increased their target price on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Five equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $150.29.

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.