Resona Asset Management Co. Ltd. Has $17.98 Million Stock Holdings in Extra Space Storage Inc $EXR

Resona Asset Management Co. Ltd. raised its stake in Extra Space Storage Inc (NYSE:EXR) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,235 shares of the real estate investment trust’s stock after buying an additional 7,831 shares during the period. Resona Asset Management Co. Ltd. owned 0.06% of Extra Space Storage worth $17,982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new position in shares of Extra Space Storage in the 2nd quarter valued at $29,000. Versant Capital Management Inc increased its holdings in Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. Davis Capital Management acquired a new position in Extra Space Storage in the 3rd quarter worth about $35,000. Elevation Point Wealth Partners LLC bought a new position in Extra Space Storage in the second quarter valued at about $37,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Extra Space Storage during the second quarter valued at about $38,000. Institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EXR shares. Truist Financial upped their price objective on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price target on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Mizuho boosted their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $146.53.

Extra Space Storage Stock Down 1.6%

Extra Space Storage stock opened at $141.49 on Friday. The firm has a market cap of $30.03 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.72 and a beta of 1.27. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $162.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. 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 posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The company had revenue of $858.46 million for the quarter, compared to analyst estimates of $736.26 million. During the same period in the prior year, the firm posted $2.07 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Equities analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

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.