EXTRA SPACE STORAGE Earnings Preview: Insider Trades and Hedge Funds

Earnings Preview: EXTRA SPACE STORAGE is set to release quarterly earnings on February 25th, with analysts expecting revenue of $766,950,448 and EPS of $1.06. Insider selling trends and hedge fund position adjustments could influence stock performance.

Date: 24-02-2025

AI Rating: 5

EPS and Revenue Expectations
EXTRA SPACE STORAGE is projected to report earnings of $1.06 per share and revenue of $766,950,448 for the upcoming quarter. Meeting or exceeding these estimates can positively influence stock prices, while failure to do so could create downward pressure.

Insider Trading Activity
Notably, insiders at EXTRA SPACE STORAGE have been active in selling shares recently, with no recorded purchases. This could signal a lack of confidence or negative sentiment regarding the company’s future prospects, placing pressure on the stock's price. In total, there were six trades, all sales, amounting to significant shares sold by key executive officers. Joseph D Margolis, the CEO, sold 15,000 shares for approximately $2,448,975. Such behavior can lead investors to question insider sentiment and potentially impact stock valuations negatively.

Hedge Fund Activity
There is a mixed signal from institutional investors, with 336 increasing their holdings in EXTRA SPACE STORAGE, while 393 reduced their positions in the last quarter. Notable reductions include Pathway Financial Advisers, who cut 2,007,634 shares, signaling potential bearish sentiment among some institutions. In contrast, Northern Trust added 941,212 shares, hinting at some bullish activity in parts of the institutional investor spectrum. This divergence in hedge fund activity indicates uncertainty, making it crucial for investors to closely monitor these changes as they can influence stock stability and pricing.

Stocks: EXR