Extra Space Storage Inc $EXR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Extra Space Storage Inc (NYSE:EXR) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 299,669 shares of the real estate investment trust’s stock after selling 4,583 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Extra Space Storage were worth $43,542,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Extra Space Storage during the second quarter worth $3,334,263,000. Cohen & Steers Inc. increased its stake in Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares during the period. State Street Corp lifted its holdings in Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares in the last quarter. Norges Bank acquired a new position in Extra Space Storage in the 4th quarter worth $1,219,606,000. Finally, Capital International Investors boosted its position in Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after buying an additional 2,658,947 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $142.86 on Friday. The company has a fifty day moving average price of $147.23 and a two-hundred day moving average price of $143.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a market cap of $30.18 billion, a PE ratio of 31.54, a P/E/G ratio of 4.14 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Research analysts expect that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio is 143.05%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXR shares. Truist Financial lifted their price objective on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Weiss Ratings raised shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their price target for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average target price of $149.20.

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.