Nisa Investment Advisors LLC Sells 17,835 Shares of Extra Space Storage Inc $EXR

Nisa Investment Advisors LLC reduced its position in shares of Extra Space Storage Inc (NYSE:EXR) by 16.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,402 shares of the real estate investment trust’s stock after selling 17,835 shares during the period. Nisa Investment Advisors LLC’s holdings in Extra Space Storage were worth $12,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Extra Space Storage by 4.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 80 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Extra Space Storage by 10.2% during the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 91 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Extra Space Storage by 6.5% during the second quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 95 shares in the last quarter. Finally, CX Institutional increased its position in shares of Extra Space Storage by 8.7% in the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $139.15 on Friday. The firm has a fifty day simple moving average of $131.67 and a two-hundred day simple moving average of $139.95. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $162.77. The company has a market capitalization of $29.53 billion, a PE ratio of 31.06, a P/E/G ratio of 2.51 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The firm had revenue of $858.46 million for the quarter, compared to analysts’ expectations of $736.26 million. During the same period last year, the firm earned $2.07 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Research analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $1.62 dividend. The ex-dividend date was Monday, December 15th. This represents a $6.48 annualized dividend and a yield of 4.7%. Extra Space Storage’s payout ratio is presently 144.64%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXR shares. 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 for the company in a research report on Friday, November 7th. Morgan Stanley dropped 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 report on Friday, December 5th. UBS Group reduced their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Wednesday, October 8th. Finally, Truist Financial reduced their price objective on Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.20.

Extra Space Storage Company 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.