Westpac Banking Corp Purchases 4,039 Shares of Extra Space Storage Inc $EXR

Westpac Banking Corp increased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 9.8% during the third quarter, Holdings Channel reports. The fund owned 45,104 shares of the real estate investment trust’s stock after purchasing an additional 4,039 shares during the period. Westpac Banking Corp’s holdings in Extra Space Storage were worth $6,357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EXR. Norges Bank bought a new stake in shares of Extra Space Storage during the second quarter worth $1,058,303,000. Resolution Capital Ltd lifted its position in Extra Space Storage by 116.2% during the 2nd 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 in the last quarter. Marshall Wace LLP grew its holdings in Extra Space Storage by 60.1% during the 2nd quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock worth $217,828,000 after acquiring an additional 554,666 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Extra Space Storage by 27.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after acquiring an additional 526,163 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Extra Space Storage by 10.2% in the second quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock worth $665,514,000 after acquiring an additional 419,240 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXR. Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Royal Bank Of Canada upped their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday. UBS Group decreased their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley dropped their target price on 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average price target of $145.13.

Extra Space Storage Trading Down 1.8%

NYSE:EXR opened at $147.00 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $161.50. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.01 and a beta of 1.27. The business’s 50-day moving average price is $139.54 and its two-hundred day moving average price is $139.10.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. During the same period in the prior year, the business posted $2.03 EPS. Extra Space Storage’s revenue was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s payout ratio is 140.87%.

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.