California State Teachers Retirement System Sells 8,139 Shares of Extra Space Storage Inc $EXR

California State Teachers Retirement System lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 2.7% in the first quarter, Holdings Channel reports. The institutional investor owned 294,192 shares of the real estate investment trust’s stock after selling 8,139 shares during the period. California State Teachers Retirement System’s holdings in Extra Space Storage were worth $38,577,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. increased its holdings in Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after purchasing an additional 1,888,763 shares in the last quarter. State Street Corp increased its holdings in Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after acquiring an additional 230,697 shares during the period. Norges Bank bought a new position in shares of Extra Space Storage in the fourth quarter worth approximately $1,219,606,000. Capital International Investors raised its holdings in shares of Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after buying an additional 2,658,947 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Extra Space Storage by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock worth $771,397,000 after buying an additional 56,118 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EXR has been the subject of a number of recent analyst reports. Mizuho upped their target price on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group raised their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company raised their target price on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Raymond James Financial initiated coverage on Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and an average price target of $147.73.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $148.49 on Friday. The company has a market cap of $31.37 billion, a PE ratio of 32.78, a PEG ratio of 4.57 and a beta of 1.19. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $158.88. The company has a current ratio of 1.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $146.52 and its 200-day simple moving average is $143.18.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts expect that Extra Space Storage Inc will post 8.29 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s payout ratio is currently 143.05%.

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.