Extra Space Storage Inc $EXR Shares Sold by Cwm LLC

Key Points

• Cwm LLC reduced its stake in Extra Space Storage by 53.6% in Q4, selling 22,263 shares and leaving it with 19,274 shares valued at $2.51 million.
• Extra Space Storage beat Q4 estimates with EPS $2.08 vs. $2.03 and revenue of $857.47 million (vs. $732.92 million), and issued FY2026 guidance of $8.05–$8.35 in EPS (analysts expect ~8.24).
• The firm pays a quarterly dividend of $1.62 (annualized $6.48, yield 4.6%) but has a high payout ratio of 140.87%, and CEO Joseph D. Margolis sold 7,500 shares (a 10.14% drop in his holding); insiders own about 0.96% of the stock.

Cwm LLC lessened its stake in Extra Space Storage Inc (NYSE:EXR - Free Report) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,274 shares of the real estate investment trust's stock after selling 22,263 shares during the period. Cwm LLC's holdings in Extra Space Storage were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of EXR. Vanguard Group Inc. increased its position in Extra Space Storage by 0.5% during the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust's stock worth $4,852,680,000 after buying an additional 161,171 shares during the period. State Street Corp boosted its stake in 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 worth $1,960,599,000 after purchasing an additional 230,697 shares during the period. Capital World Investors boosted its stake in 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. Principal Financial Group Inc. boosted its stake in 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 worth $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Capital International Investors boosted its stake in 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 worth $507,065,000 after purchasing an additional 35,752 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Trading Down 0.4%

Shares of Extra Space Storage stock opened at $142.10 on Friday. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The company's 50-day simple moving average is $140.92 and its 200-day simple moving average is $138.59. The firm has a market cap of $30.01 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.26.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. During the same period in the previous year, the business posted $2.03 earnings per share. The business'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. As a group, equities research analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, March 16th. Extra Space Storage's dividend payout ratio (DPR) is currently 140.87%.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares of the company's stock, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXR. Mizuho increased their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an "outperform" rating in a research note on Monday, January 12th. UBS Group dropped their price target on Extra Space Storage from $156.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, January 8th. Bank of America cut Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Weiss Ratings restated a "hold (c)" rating on shares of Extra Space Storage in a research report on Tuesday. Finally, Wall Street Zen cut Extra Space Storage from a "hold" rating to a "sell" rating in a research report on Saturday. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $143.67.

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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