Extra Space Storage Inc $EXR Stock Holdings Lowered by Strs Ohio

Strs Ohio lessened its position in Extra Space Storage Inc (NYSE:EXR) by 15.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 358,535 shares of the real estate investment trust’s stock after selling 63,207 shares during the period. Strs Ohio’s holdings in Extra Space Storage were worth $47,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pensionfund Sabic bought a new stake in shares of Extra Space Storage during the fourth quarter valued at approximately $1,153,000. Nomura Asset Management Co. Ltd. grew its holdings in Extra Space Storage by 2.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock worth $50,922,000 after buying an additional 9,492 shares in the last quarter. Bayhunt Capital LLC bought a new position in Extra Space Storage in the 4th quarter worth approximately $14,650,000. Norges Bank acquired a new stake in Extra Space Storage in the 4th quarter valued at approximately $1,219,606,000. Finally, Manning & Napier Advisors LLC increased its position in Extra Space Storage by 3,007.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock valued at $5,220,000 after acquiring an additional 38,799 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $149.29 on Friday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 4.56 and a beta of 1.19. The stock’s 50 day moving average price is $144.36 and its 200 day moving average price is $141.02. 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 (NYSE:EXR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts anticipate that Extra Space Storage Inc will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $1.62 dividend. The ex-dividend date was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio is 145.29%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Wells Fargo & Company raised their price target on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, June 1st. BNP Paribas Exane upgraded shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research note on Wednesday, March 18th. Barclays upped 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, March 5th. Finally, Truist Financial increased their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $153.07.

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.