OVERSEA CHINESE BANKING Corp Ltd Has $4.67 Million Stock Holdings in Extra Space Storage Inc $EXR

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Extra Space Storage Inc (NYSE:EXR) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,158 shares of the real estate investment trust’s stock after selling 14,774 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Extra Space Storage were worth $4,673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Extra Space Storage by 33.3% during the 3rd quarter. Liberty One Investment Management LLC now owns 43,626 shares of the real estate investment trust’s stock worth $6,149,000 after buying an additional 10,892 shares during the period. Quent Capital LLC acquired a new stake in Extra Space Storage during the 3rd quarter worth approximately $62,000. Nordea Investment Management AB increased its position in Extra Space Storage by 13.4% in the 3rd quarter. Nordea Investment Management AB now owns 19,929 shares of the real estate investment trust’s stock valued at $2,784,000 after acquiring an additional 2,351 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Extra Space Storage by 7.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,935 shares of the real estate investment trust’s stock valued at $1,118,000 after acquiring an additional 559 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $144.88 on Thursday. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The firm has a market capitalization of $30.75 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. The firm has a fifty day simple moving average of $132.27 and a two-hundred day simple moving average of $139.81. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $2.06 by $0.02. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The company had revenue of $858.46 million during the quarter, compared to the consensus estimate of $736.26 million. During the same period in the previous year, the firm posted $2.07 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 144.64%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Barclays restated an “overweight” rating and set a $164.00 price objective on shares of Extra Space Storage in a research report on Tuesday. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Morgan Stanley decreased their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Finally, Truist Financial reduced their price objective on shares of Extra Space Storage from $150.00 to $142.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.27.

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.