New York State Teachers Retirement System Purchases 3,397 Shares of Extra Space Storage Inc $EXR

New York State Teachers Retirement System lifted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,429 shares of the real estate investment trust’s stock after purchasing an additional 3,397 shares during the period. New York State Teachers Retirement System’s holdings in Extra Space Storage were worth $24,053,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXR. Norges Bank purchased a new position in Extra Space Storage during the 4th quarter valued at about $1,219,606,000. Capital International Investors lifted its holdings in Extra Space Storage by 73.9% in the 4th 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 grew its position in shares of Extra Space Storage by 900.0% in the 3rd 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 last quarter. Cohen & Steers Inc. grew its position in shares of Extra Space Storage by 13.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after buying an additional 1,888,763 shares during the last quarter. Finally, 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 valued at $287,632,000 after buying an additional 1,048,685 shares during the period. 99.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Trading Down 0.0%

NYSE:EXR opened at $149.29 on Friday. The firm has a market capitalization of $31.54 billion, a P/E ratio of 33.47, a PEG ratio of 4.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $155.19. The company’s 50-day simple moving average is $144.52 and its 200 day simple moving average is $141.08.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period in the prior year, the business posted $2.00 EPS. Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts forecast that Extra Space Storage Inc will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is 145.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EXR shares. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. UBS Group boosted their price objective on shares of Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company raised their target price on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Mizuho lifted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.07.

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.