Extra Space Storage Inc $EXR Shares Sold by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas trimmed its position in Extra Space Storage by 51.6% in Q4, selling 46,282 shares and leaving 43,468 shares valued at about $5.66 million.
• Q4 results beat expectations with $2.08 EPS (vs. $2.03) and $857.47M revenue, and the company set FY2026 guidance of $8.05–$8.35 EPS (consensus ~8.24).
• Extra Space Storage declared a quarterly dividend of $1.62 ($6.48 annualized) for a 4.6% yield140.87%.

Teacher Retirement System of Texas lowered its position in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 51.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,468 shares of the real estate investment trust's stock after selling 46,282 shares during the period. Teacher Retirement System of Texas' holdings in Extra Space Storage were worth $5,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cromwell Holdings LLC increased its holdings in shares of Extra Space Storage by 14.6% during the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust's stock worth $75,000 after buying an additional 73 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after buying an additional 80 shares during the last quarter. Gilman Hill Asset Management LLC increased its holdings in shares of Extra Space Storage by 5.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust's stock worth $220,000 after buying an additional 80 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock worth $653,000 after buying an additional 80 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in shares of Extra Space Storage by 2.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust's stock worth $441,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $142.10 on Monday. 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 52 week low of $125.71 and a 52 week high of $155.19. The stock has a market capitalization of $30.01 billion, a PE ratio of 30.89, a P/E/G ratio of 2.85 and a beta of 1.26. The firm has a 50 day moving average of $140.92 and a two-hundred day moving average of $138.53.

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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $857.47 million during the quarter, compared to analysts' expectations of $732.92 million. During the same quarter last year, the company posted $2.03 EPS. The firm'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, research analysts predict that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a 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 Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXR shares. BNP Paribas Exane raised shares of Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 price objective for the company in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Wells Fargo & Company lowered their price objective on shares of Extra Space Storage from $150.00 to $148.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Truist Financial increased their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a "hold" rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a research report on Monday, March 23rd. Six 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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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