Envestnet Portfolio Solutions Inc. Has $291,000 Position in Extra Space Storage Inc $EXR

Envestnet Portfolio Solutions Inc. reduced its holdings in Extra Space Storage Inc (NYSE:EXR) by 63.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,234 shares of the real estate investment trust’s stock after selling 3,838 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Extra Space Storage were worth $291,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Avalon Trust Co acquired a new position in Extra Space Storage in the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage in the third quarter valued at approximately $28,000. Rosenberg Matthew Hamilton lifted its holdings in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 217 shares during the period. Logan Capital Management Inc. raised its holdings in Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares during the period. Finally, Tobam raised its holdings in Extra Space Storage by 66.1% in the third quarter. Tobam now owns 319 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 127 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer directly owned 66,495 shares in the company, valued at $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Trading Up 1.1%

EXR opened at $145.99 on Friday. The firm’s fifty day moving average is $139.08 and its two-hundred day moving average is $138.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $30.84 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.22. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter in the previous year, the business earned $2.00 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts anticipate that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EXR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. UBS Group increased their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. increased their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Mizuho increased their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank increased their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.86.

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.