National Pension Service Grows Holdings in Extra Space Storage Inc $EXR

National Pension Service raised its position in Extra Space Storage Inc (NYSE:EXR) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 385,841 shares of the real estate investment trust’s stock after purchasing an additional 54,889 shares during the period. National Pension Service’s holdings in Extra Space Storage were worth $50,244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. NewEdge Advisors LLC increased its holdings 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 valued at $506,000 after buying an additional 291 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Extra Space Storage by 15.5% during the 1st 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 during the period. Sivia Capital Partners LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $457,000. First Trust Advisors LP raised its stake in shares of Extra Space Storage by 184.1% during the 2nd 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 during the period. Finally, Brown Advisory Inc. raised its stake in shares of Extra Space Storage by 1.8% during the 2nd 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 during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Barclays boosted their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Truist Financial cut their target price on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.86.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

EXR opened at $144.50 on Friday. The firm has a market capitalization of $30.53 billion, a PE ratio of 32.40, a PEG ratio of 4.69 and a beta of 1.22. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $155.19. The firm’s 50-day moving average price is $139.25 and its 200 day moving average price is $138.43. 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 posted its quarterly 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). The business had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts expect that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given 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 yield of 4.5%. Extra Space Storage’s payout ratio is presently 145.29%.

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.