Brasada Capital Management LP Cuts Position in Extra Space Storage Inc $EXR

Brasada Capital Management LP cut its stake in Extra Space Storage Inc (NYSE:EXR) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,991 shares of the real estate investment trust’s stock after selling 4,913 shares during the quarter. Brasada Capital Management LP’s holdings in Extra Space Storage were worth $4,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avalon Trust Co purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Rosenberg Matthew Hamilton increased its holdings in shares of Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Logan Capital Management Inc. increased its holdings in shares of Extra Space Storage by 313.7% in the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 229 shares during the period. Finally, Zions Bancorporation National Association UT increased its holdings in shares of Extra Space Storage by 172.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 193 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Up 0.0%

Extra Space Storage stock opened at $150.33 on Friday. 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 business’s 50-day simple moving average is $142.29 and its two-hundred day simple moving average is $139.46. The company has a market cap of $31.76 billion, a PE ratio of 33.71, a PEG ratio of 4.89 and a beta of 1.20. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts anticipate that Extra Space Storage Inc will post 8.24 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is presently 145.29%.

Wall Street Analysts Forecast Growth

EXR has been the topic of a number of analyst reports. Scotiabank lifted their price target on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Truist Financial dropped their target price on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company boosted their target price on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.29.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Company Profile

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.