PGGM Investments Acquires 75,225 Shares of Extra Space Storage Inc $EXR

PGGM Investments increased its holdings in Extra Space Storage Inc (NYSE:EXR) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,457,774 shares of the real estate investment trust’s stock after buying an additional 75,225 shares during the period. Extra Space Storage accounts for 3.3% of PGGM Investments’ holdings, making the stock its 4th largest position. PGGM Investments’ holdings in Extra Space Storage were worth $205,459,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Chung Wu Investment Group LLC acquired a new stake in Extra Space Storage during the second quarter worth approximately $29,000. Versant Capital Management Inc lifted its position in shares of Extra Space Storage by 60.2% during the 3rd 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 period. Davis Capital Management bought a new stake in shares of Extra Space Storage during the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Extra Space Storage during the 2nd quarter worth $37,000. Finally, MTM Investment Management LLC bought a new position in shares of Extra Space Storage in the second quarter worth $38,000. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXR. Morgan Stanley dropped their price target on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada dropped their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Truist Financial decreased their price objective on shares of Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $146.27.

Extra Space Storage Stock Up 1.6%

Shares of NYSE EXR opened at $147.04 on Friday. The company has a market cap of $31.21 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 2.68 and a beta of 1.27. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The stock has a 50-day moving average price of $132.59 and a two-hundred day moving average price of $139.86.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The company had revenue of $858.46 million for the quarter, compared to the consensus estimate of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s payout ratio is presently 144.64%.

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.