Key Points
- Extra Space Storage CEO Joseph Margolis sold 7,500 shares at an average of $142.08 for a total of $1,065,600, reducing his stake by 10.14% to 66,495 shares (≈$9.45M).
- The REIT beat quarterly estimates with $2.08 EPS (vs. $2.03 expected) and $857.47M revenue, and set FY2026 guidance of $8.05–$8.35 EPS (consensus ≈8.1).
- The company announced a quarterly dividend of $1.62 (annualized $6.48), representing a 4.6% yield but a high payout ratio of 140.87%.
Extra Space Storage Inc (NYSE:EXR - Get Free Report) CEO Joseph Margolis sold 7,500 shares of the 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 completion of the transaction, the chief executive officer directly 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.
Extra Space Storage Stock Down 1.4%
Shares of Extra Space Storage stock opened at $139.46 on Tuesday. The business has a fifty day simple moving average of $143.59 and a 200 day simple moving average of $139.77. The stock has a market cap of $29.44 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $155.19.
Extra Space Storage (NYSE:EXR - Get Free Report) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The firm had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.
Extra Space Storage Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid 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 dividend yield of 4.6%. Extra Space Storage's dividend payout ratio is 140.87%.
Institutional Trading of Extra Space Storage
A number of large investors have recently bought and sold shares of EXR. Avalon Trust Co acquired a new stake in Extra Space Storage during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage in the third quarter valued at approximately $28,000. Reflection Asset Management acquired a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of Extra Space Storage by 60.2% in the third 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 during the period. Finally, Davis Capital Management bought a new stake in shares of Extra Space Storage during the third quarter worth $35,000. 99.11% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on EXR shares. Morgan Stanley reduced their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Friday, December 5th. Bank of America downgraded shares of Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 target price for the company. in a research note on Thursday, February 5th. Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. Scotiabank boosted their price target on shares of 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, UBS Group lowered their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of "Hold" and an average price target of $145.13.
Check Out Our Latest Report on EXR
About Extra Space Storage
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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.
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