Extra Space Storage Inc $EXR Stock: Curated Wealth Partners LLC Cuts Position

Key Points

• Curated Wealth Partners cut its Extra Space Storage stake by 98.3% in the third quarter, selling 117,538 shares and retaining 2,028 shares worth approximately $267,000. Institutional investors collectively own 99.11% of the REIT.
• Extra Space Storage reported quarterly EPS of $1.25, topping estimates of $1.16, while revenue rose 3.9% year over year to $874.15 million. The company issued fiscal 2026 EPS guidance of $8.25–$8.40.
• The REIT pays a quarterly dividend of $1.62 per share, equivalent to a 4.6% annualized yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $148.67.

Curated Wealth Partners LLC lowered its stake in Extra Space Storage Inc (NYSE:EXR - Free Report) by 98.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,028 shares of the real estate investment trust's stock after selling 117,538 shares during the period. Curated Wealth Partners LLC's holdings in Extra Space Storage were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Extra Space Storage during the second quarter worth $3,334,263,000. First Eagle Investment Management LLC lifted its holdings in Extra Space Storage by 1.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,876,997 shares of the real estate investment trust's stock worth $563,328,000 after buying an additional 38,306 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Extra Space Storage by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,206,587 shares of the real estate investment trust's stock worth $420,461,000 after buying an additional 33,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Extra Space Storage by 24,295.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,241,413 shares of the real estate investment trust's stock worth $325,677,000 after buying an additional 2,232,225 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Extra Space Storage during the 2nd quarter worth about $299,746,000. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $139.52 on Friday. The stock's 50-day moving average is $139.08 and its two-hundred day moving average is $142.32. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.14 and a beta of 1.15. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56.

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 for the quarter, beating the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts predict that Extra Space Storage Inc will post 8.34 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage's payout ratio is 143.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EXR. Barclays increased their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, July 10th. BMO Capital Markets raised Extra Space Storage from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $160.00 to $170.00 in a research report on Thursday, August 27th. The Goldman Sachs Group restated a "neutral" rating and set a $160.00 target price on shares of Extra Space Storage in a research note on Thursday, July 30th. Mizuho decreased their target price on Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating for the company in a research note on Wednesday, September 2nd. Finally, Truist Financial raised Extra Space Storage from a "hold" rating to a "buy" rating and lowered their price target for the company from $148.00 to $147.00 in a report on Thursday, October 1st. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, Extra Space Storage has a consensus rating of "Moderate Buy" and an average target price of $148.67.

Extra Space Storage Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and develops self-storage facilities. Its properties provide personal and business customers with space for storing household goods, vehicles, business inventory and other belongings in a range of unit sizes. Many facilities offer features such as climate-controlled units, drive-up access, online rentals and electronic payments.

The company also provides third-party management services for self-storage properties owned by other investors and participates in joint ventures.

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