Extra Space Storage Inc $EXR Shares Sold by Gradient Investments LLC

Key Points

• Gradient Investments reduced its Extra Space Storage position by 7.7% in the second quarter, selling 12,466 shares and retaining 150,351 shares valued at approximately $21.8 million. Institutional investors and hedge funds collectively own 99.11% of EXR.
• Extra Space Storage reported quarterly EPS of $1.25, above the $1.16 consensus estimate, while revenue rose 3.9% year over year to $874.15 million. The company reaffirmed fiscal 2026 EPS guidance of $8.25–$8.40.
• The REIT pays a quarterly dividend of $1.62 per share, equivalent to a 4.3% annualized yield, though its payout ratio is elevated at 143.05%. Analysts’ average rating remains “Hold,” with an average price target of $147.73 versus the stock’s $149.37 opening price.

Gradient Investments LLC cut its position in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,351 shares of the real estate investment trust's stock after selling 12,466 shares during the period. Gradient Investments LLC owned approximately 0.07% of Extra Space Storage worth $21,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Extra Space Storage in the third quarter worth approximately $28,000. Reflection Asset Management purchased a new stake in Extra Space Storage in the fourth quarter valued at $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in Extra Space Storage in the first quarter valued at $30,000. CoreCap Advisors LLC raised its position in Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 234 shares during the period. Finally, DV Equities LLC acquired a new position in shares of Extra Space Storage in the 4th quarter valued at $39,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Trading Down 0.1%

Shares of NYSE EXR opened at $149.37 on Friday. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The company has a current ratio of 1.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $147.05 and a 200-day simple moving average of $143.37. The stock has a market capitalization of $31.56 billion, a PE ratio of 32.97, a PEG ratio of 4.31 and a beta of 1.18.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same quarter in the prior year, the company earned $2.05 EPS. Extra Space Storage's revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.31 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, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage's dividend payout ratio is currently 143.05%.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company's stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

EXR has been the subject of a number of research analyst reports. Barclays increased their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Mizuho upped their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an "outperform" rating in a research report on Wednesday, May 27th. Raymond James Financial initiated coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an "outperform" rating and a $44.00 target price for the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $160.00 price target on shares of Extra Space Storage in a research report on Thursday, July 30th. Finally, UBS Group boosted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $147.73.

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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