National Pension Service Sells 3,942 Shares of Extra Space Storage Inc $EXR

National Pension Service lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,842 shares of the real estate investment trust’s stock after selling 3,942 shares during the period. National Pension Service’s holdings in Extra Space Storage were worth $52,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXR. Raiffeisen Bank International AG lifted its holdings in Extra Space Storage by 82.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 84 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage in the 3rd quarter valued at $28,000. Reflection Asset Management bought a new position in Extra Space Storage in the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Extra Space Storage during the 1st quarter worth approximately $30,000. Finally, CoreCap Advisors LLC grew its holdings in Extra Space Storage by 975.0% during the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 234 shares during the period. 99.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXR. Royal Bank Of Canada boosted their target price on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. BMO Capital Markets upgraded Extra Space Storage from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $160.00 to $170.00 in a report on Thursday, August 27th. UBS Group boosted their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Scotiabank raised their price target on Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. Finally, Truist Financial boosted their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Extra Space Storage has a consensus rating of “Hold” and a consensus price target of $148.93.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $137.83 on Friday. The stock has a market capitalization of $29.12 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 3.95 and a beta of 1.16. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The stock’s 50 day moving average price is $145.46 and its two-hundred day moving average price is $143.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities analysts predict that Extra Space Storage Inc will post 8.33 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 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 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions.