Peterson Wealth Services Cuts Stock Holdings in Extra Space Storage Inc $EXR

Peterson Wealth Services lowered its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 84.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,865 shares of the real estate investment trust’s stock after selling 21,009 shares during the period. Peterson Wealth Services’ holdings in Extra Space Storage were worth $503,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EXR. Norges Bank purchased a new stake in shares of Extra Space Storage during the fourth quarter worth approximately $1,219,606,000. Capital International Investors increased its stake in shares of 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 buying an additional 2,658,947 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 buying an additional 1,969,013 shares during the period. Resolution Capital Ltd increased its stake 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 buying an additional 1,048,685 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Extra Space Storage by 61.8% during the fourth quarter. First Eagle Investment Management LLC now owns 2,552,053 shares of the real estate investment trust’s stock worth $332,328,000 after buying an additional 974,804 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EXR shares. JPMorgan Chase & Co. upped 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. Wells Fargo & Company increased their target price on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group increased their target price on Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, May 18th. Royal Bank Of Canada increased their target price on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, Mizuho increased 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. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $152.29.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $150.49 on Friday. The firm has a market capitalization of $31.79 billion, a P/E ratio of 33.74, a P/E/G ratio of 4.86 and a beta of 1.20. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $141.93 and its two-hundred day moving average is $139.39.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 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 analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. 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 earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts forecast that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.

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.