National Pension Service Has $47.04 Million Stock Position in Extra Space Storage Inc $EXR

National Pension Service boosted its holdings in Extra Space Storage Inc (NYSE:EXR) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 319,065 shares of the real estate investment trust’s stock after buying an additional 2,370 shares during the period. National Pension Service owned approximately 0.15% of Extra Space Storage worth $47,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mattson Financial Services LLC grew its holdings in shares of Extra Space Storage by 17.7% in the 1st quarter. Mattson Financial Services LLC now owns 21,231 shares of the real estate investment trust’s stock valued at $3,153,000 after buying an additional 3,187 shares during the period. IFP Advisors Inc raised its position in shares of Extra Space Storage by 1,376.5% during the first quarter. IFP Advisors Inc now owns 1,698 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 1,583 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Extra Space Storage during the 1st quarter valued at about $1,472,000. Janney Montgomery Scott LLC lifted its holdings in shares of Extra Space Storage by 6.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the real estate investment trust’s stock valued at $938,000 after purchasing an additional 408 shares in the last quarter. Finally, waypoint wealth counsel acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at approximately $359,000. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $131.93 on Friday. The company has a fifty day moving average price of $142.05 and a two-hundred day moving average price of $144.74. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $175.57. The stock has a market cap of $28.00 billion, a P/E ratio of 29.45, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.02. The business had revenue of $858.46 million during the quarter, compared to the consensus estimate of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.53%. Extra Space Storage’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, equities analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, September 15th. Extra Space Storage’s dividend payout ratio is 144.64%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXR. Royal Bank Of Canada dropped their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Truist Financial lowered their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, August 19th. Scotiabank cut their price objective on shares of Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $148.36.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the completion of the sale, the chief executive officer owned 19,760 shares of the company’s stock, valued at $2,794,261.60. This trade represents a 27.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.36% of the company’s stock.

About Extra Space Storage

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.