PGGM Investments Has $183.55 Million Stock Holdings in Extra Space Storage Inc $EXR

PGGM Investments reduced its stake in Extra Space Storage Inc (NYSE:EXR) by 3.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,409,528 shares of the real estate investment trust’s stock after selling 48,246 shares during the period. Extra Space Storage comprises 2.9% of PGGM Investments’ holdings, making the stock its 6th largest position. PGGM Investments’ holdings in Extra Space Storage were worth $183,549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXR. NewEdge Advisors LLC raised its stake in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 291 shares in the last quarter. Empowered Funds LLC raised its stake in Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Extra Space Storage in the second quarter worth about $457,000. First Trust Advisors LP raised its stake in Extra Space Storage by 184.1% in the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after buying an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 80 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $143.23 on Tuesday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The company has a 50 day simple moving average of $138.77 and a two-hundred day simple moving average of $138.12. The company has a market capitalization of $30.26 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 4.66 and a beta of 1.22. 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 (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the business posted $2.00 EPS. Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts expect that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a research note on Wednesday, March 18th. Scotiabank raised their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. UBS Group raised their target price on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. raised their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, Barclays raised their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $151.00.

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.