Extra Space Storage Inc $EXR Shares Sold by Capital Research Global Investors

Key Points

• Capital Research Global Investors sold 103,323 shares of Extra Space Storage (a 24.3% reduction), leaving it with 322,314 shares valued at about $45.4 million per its latest SEC filing.
• Extra Space Storage beat quarterly estimates—$2.08 EPS vs. $2.03 expected and $857.5M revenue (up 4.3% year-over-year)—and set FY2026 guidance of 8.05–8.35 EPS, near the street's ~8.1 EPS forecast.
• The company announced a quarterly dividend of $1.62 ($6.48 annualized, ~4.6% yield) with a payout ratio of 140.9%; analysts have a consensus Hold rating and a $145.13 price target, while the stock trades near $139.93.

Capital Research Global Investors decreased its position in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 24.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 322,314 shares of the real estate investment trust's stock after selling 103,323 shares during the period. Capital Research Global Investors owned 0.15% of Extra Space Storage worth $45,427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its stake 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 worth $1,009,371,000 after purchasing an additional 33,622 shares during the period. Capital International Inc. CA grew its position in shares of Extra Space Storage by 35.5% in the third quarter. Capital International Inc. CA now owns 20,232 shares of the real estate investment trust's stock valued at $2,851,000 after purchasing an additional 5,306 shares during the period. Capital International Investors increased its stake in Extra Space Storage by 1.0% in the third quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust's stock valued at $507,065,000 after purchasing an additional 35,752 shares during the last quarter. Bank of Montreal Can increased its stake in Extra Space Storage by 19.7% in the third quarter. Bank of Montreal Can now owns 137,235 shares of the real estate investment trust's stock valued at $19,342,000 after purchasing an additional 22,596 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Extra Space Storage by 85.7% during the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust's stock worth $203,160,000 after buying an additional 665,204 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Trading Down 1.1%

NYSE EXR opened at $139.93 on Friday. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $155.19. The company's 50 day moving average price is $143.22 and its 200 day moving average price is $139.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.85 and a beta of 1.24.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly 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. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm had revenue of $857.47 million for the quarter, compared to analysts' expectations of $732.92 million. During the same period in the previous year, the company posted $2.03 earnings per share. Extra Space Storage's revenue was up 4.3% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. Extra Space Storage's payout ratio is presently 140.87%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on 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. Mizuho upped their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an "outperform" rating in a research note on Monday, January 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Barclays raised their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company dropped their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $145.13.

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.

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