Healthcare of Ontario Pension Plan Trust Fund Has $13.16 Million Stock Position in Extra Space Storage Inc $EXR

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Extra Space Storage Inc (NYSE:EXR) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,335 shares of the real estate investment trust’s stock after purchasing an additional 4,945 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Extra Space Storage were worth $13,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Extra Space Storage in the 4th quarter valued at $1,219,606,000. Capital International Investors grew its position in Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after acquiring an additional 2,658,947 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Extra Space Storage by 900.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock worth $308,348,000 after acquiring an additional 1,969,013 shares in the last quarter. Cohen & Steers Inc. raised its stake in Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after acquiring an additional 1,888,763 shares in the last quarter. Finally, Resolution Capital Ltd lifted its holdings in shares of Extra Space Storage by 116.2% during the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after acquiring an additional 1,048,685 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Trading Up 0.5%

Shares of EXR opened at $148.43 on Tuesday. The stock has a fifty day moving average price of $145.90 and a two-hundred day moving average price of $142.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 4.57 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 EPS. Analysts predict that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were 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 was Monday, June 15th. Extra Space Storage’s payout ratio is currently 145.29%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price on the stock. Truist Financial increased their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. UBS Group lifted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Wells Fargo & Company upped their price objective on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $146.53.

Insider Transactions at Extra Space Storage

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

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.