Extra Space Storage Inc $EXR Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 84,139 shares of the real estate investment trust’s stock after purchasing an additional 4,531 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Extra Space Storage were worth $11,859,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Extra Space Storage by 32.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock worth $3,416,000 after acquiring an additional 5,870 shares during the last quarter. Ethic Inc. grew its stake in Extra Space Storage by 298.0% during the 3rd quarter. Ethic Inc. now owns 22,441 shares of the real estate investment trust’s stock valued at $3,163,000 after purchasing an additional 16,802 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Extra Space Storage by 16.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 118,675 shares of the real estate investment trust’s stock worth $17,497,000 after purchasing an additional 16,897 shares during the last quarter. PGGM Investments raised its position in shares of Extra Space Storage by 5.4% in the 3rd quarter. PGGM Investments now owns 1,457,774 shares of the real estate investment trust’s stock valued at $205,459,000 after purchasing an additional 75,225 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its stake in shares of Extra Space Storage by 53.5% during the 2nd quarter. AlphaCore Capital LLC now owns 5,077 shares of the real estate investment trust’s stock valued at $749,000 after buying an additional 1,769 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Trading Down 1.6%

Extra Space Storage stock opened at $141.49 on Friday. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $162.77. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $30.03 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.72 and a beta of 1.27. The firm has a 50-day moving average price of $134.17 and a two-hundred day moving average price of $139.58.

Extra Space Storage (NYSE:EXR) last released 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. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The company had revenue of $858.46 million for the quarter, compared to analysts’ expectations of $736.26 million. During the same quarter in the previous year, the company posted $2.07 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday. Mizuho upped their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Barclays reiterated an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a research note on Tuesday, January 13th. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Truist Financial increased their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $146.53.

Extra Space Storage Company 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.