Swiss National Bank Sells 30,700 Shares of Extra Space Storage Inc $EXR

Swiss National Bank decreased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 611,727 shares of the real estate investment trust’s stock after selling 30,700 shares during the quarter. Swiss National Bank owned approximately 0.29% of Extra Space Storage worth $86,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXR. Vanguard Group Inc. boosted its stake in shares of Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after buying an additional 161,171 shares during the last quarter. State Street Corp raised its holdings in Extra Space Storage by 1.6% during the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after acquiring an additional 210,466 shares in the last quarter. Norges Bank bought a new stake in Extra Space Storage during the second quarter worth about $1,058,303,000. Principal Financial Group Inc. boosted its position in Extra Space Storage by 6.4% during the third 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 purchasing an additional 406,146 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Extra Space Storage by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after purchasing an additional 100,637 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Trading Up 0.3%

Shares of EXR stock opened at $146.75 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $30.99 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.94 and a beta of 1.24. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $155.82. The company has a 50-day simple moving average of $142.81 and a two-hundred day simple moving average of $139.79.

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

Extra Space Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EXR shares. Royal Bank Of Canada upped their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Truist Financial increased their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. UBS Group lowered their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Scotiabank upped their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.