Choreo LLC Sells 6,567 Shares of Extra Space Storage Inc $EXR

Choreo LLC decreased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 76.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,982 shares of the real estate investment trust’s stock after selling 6,567 shares during the period. Choreo LLC’s holdings in Extra Space Storage were worth $279,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EXR. Brown Advisory Inc. grew its holdings in shares of Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Extra Space Storage by 2.9% during the third quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 88 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Extra Space Storage by 10.2% during the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 91 shares during the period. Finally, CX Institutional boosted its position in Extra Space Storage by 8.7% in the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

EXR has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a report on Thursday, February 5th. Wells Fargo & Company reduced their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Barclays raised their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Scotiabank lifted their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $145.13.

Extra Space Storage Stock Performance

NYSE:EXR opened at $146.40 on Friday. The company has a market capitalization of $30.91 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.95 and a beta of 1.24. The business has a fifty day simple moving average of $142.19 and a two-hundred day simple moving average of $139.71. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $160.58.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

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.