North Dakota State Investment Board Buys New Shares in Extra Space Storage Inc $EXR

North Dakota State Investment Board bought a new stake in Extra Space Storage Inc (NYSE:EXR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,223 shares of the real estate investment trust’s stock, valued at approximately $941,000.

A number of other institutional investors have also added to or reduced their stakes in EXR. NewEdge Advisors LLC increased 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 valued at $506,000 after acquiring an additional 291 shares during the last quarter. Empowered Funds LLC increased 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 valued at $729,000 after acquiring an additional 661 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Extra Space Storage in the second quarter valued at $457,000. First Trust Advisors LP grew its stake in shares of Extra Space Storage by 184.1% during the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock valued at $15,954,000 after buying an additional 70,115 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $142.29 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $138.72 and a 200-day moving average of $137.88. The firm has a market cap of $30.06 billion, a P/E ratio of 31.90, a P/E/G ratio of 4.57 and a beta of 1.22. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19.

Extra Space Storage (NYSE:EXR) last posted 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). The firm had revenue of $856.03 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently announced 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Scotiabank raised their price objective on 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. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Barclays raised their price objective on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research note on Thursday, February 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. According to MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $151.00.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the 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 completion of the sale, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.