Citigroup Inc. Cuts Stock Holdings in Extra Space Storage Inc $EXR

Citigroup Inc. lessened its position in Extra Space Storage Inc (NYSE:EXR) by 21.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,108 shares of the real estate investment trust’s stock after selling 62,271 shares during the quarter. Citigroup Inc. owned about 0.11% of Extra Space Storage worth $32,431,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Extra Space Storage by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after buying an additional 406,146 shares during the period. Cibc World Market Inc. raised its position in shares of Extra Space Storage by 19.4% during the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after buying an additional 30,983 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Extra Space Storage by 38.2% in the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock valued at $83,052,000 after acquiring an additional 162,773 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Extra Space Storage by 6.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock valued at $17,982,000 after acquiring an additional 7,831 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Extra Space Storage by 32.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock worth $3,416,000 after acquiring an additional 5,870 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

NYSE EXR opened at $147.00 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.24. The company has a market cap of $31.04 billion, a P/E ratio of 31.96, a P/E/G ratio of 3.01 and a beta of 1.27. The stock has a 50-day moving average of $139.54 and a two-hundred day moving average of $139.10. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $161.50.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data 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 business had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. During the same quarter last year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter 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. As a group, analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXR shares. UBS Group reduced their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Truist Financial boosted their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.13.

Extra Space Storage 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.