Landscape Capital Management L.L.C. Decreases Stock Holdings in Extra Space Storage Inc $EXR

Landscape Capital Management L.L.C. trimmed its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,430 shares of the real estate investment trust’s stock after selling 5,923 shares during the period. Landscape Capital Management L.L.C.’s holdings in Extra Space Storage were worth $3,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avalon Trust Co purchased a new stake in shares of Extra Space Storage in the third quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Extra Space Storage during the third quarter worth $28,000. Rosenberg Matthew Hamilton boosted its position in shares of Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares during the last quarter. Zions Bancorporation National Association UT boosted its position in shares of Extra Space Storage by 172.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 193 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 92 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXR. JPMorgan Chase & Co. upped their target price 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. Truist Financial lowered their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Wednesday, March 18th. Finally, Scotiabank raised their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $152.29.

Insider Activity

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 0.2%

EXR stock opened at $150.33 on Monday. The firm’s fifty day simple moving average is $142.29 and its 200-day simple moving average is $139.53. The company has a market capitalization of $31.76 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 4.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19.

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

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio is 145.29%.

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.