Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 26,961 Shares of Extra Space Storage Inc $EXR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 22.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 145,233 shares of the real estate investment trust’s stock after buying an additional 26,961 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Extra Space Storage were worth $19,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Extra Space Storage in the 4th quarter valued at about $1,219,606,000. Capital International Investors lifted its position in Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after acquiring an additional 2,658,947 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of 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 during the period. Finally, Resolution Capital Ltd boosted 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 worth $287,632,000 after acquiring an additional 1,048,685 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 0.0%

Shares of EXR opened at $143.92 on Monday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The firm’s 50 day moving average is $144.90 and its 200-day moving average is $141.63. The stock has a market capitalization of $30.40 billion, a PE ratio of 32.27, a P/E/G ratio of 4.46 and a beta of 1.19. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.62 dividend. The ex-dividend date was 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 (DPR) is presently 145.29%.

Insider Activity at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXR. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their price target on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. UBS Group upped their price objective on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, Barclays lifted their target price on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.57.

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.