FJ Capital Management LLC Sells 7,874 Shares of Extra Space Storage Inc $EXR

FJ Capital Management LLC lowered its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 80.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,884 shares of the real estate investment trust’s stock after selling 7,874 shares during the quarter. FJ Capital Management LLC’s holdings in Extra Space Storage were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EXR. Avalon Trust Co bought a new stake in Extra Space Storage during the third quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage during the third quarter worth $28,000. Rosenberg Matthew Hamilton grew its holdings in Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 217 shares in the last quarter. Zions Bancorporation National Association UT grew its holdings in Extra Space Storage by 172.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 193 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 92 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Up 0.0%

EXR stock opened at $150.33 on Friday. The stock’s fifty day simple moving average is $142.29 and its two-hundred day simple moving average is $139.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The stock has a market cap 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.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share 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 business had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same period in the prior year, the firm posted $2.00 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts expect that Extra Space Storage Inc will post 8.24 EPS for the current year.

Extra Space Storage Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a report on Wednesday, March 18th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Barclays upped their price target on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $152.29.

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.