Extra Space Storage Inc $EXR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 299,669 shares of the real estate investment trust’s stock after selling 4,583 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.14% of Extra Space Storage worth $43,542,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Extra Space Storage in the second quarter valued at about $3,334,263,000. Cohen & Steers Inc. raised its holdings in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after acquiring an additional 1,888,763 shares during the last quarter. State Street Corp lifted its position in shares of Extra Space Storage by 1.7% in the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock valued at $1,960,599,000 after acquiring an additional 230,697 shares in the last quarter. Norges Bank acquired a new stake in shares of Extra Space Storage in the fourth quarter worth approximately $1,219,606,000. Finally, Capital International Investors boosted its stake in shares of Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after acquiring an additional 2,658,947 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Down 0.9%

NYSE EXR opened at $142.86 on Friday. The stock has a market capitalization of $30.18 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 4.14 and a beta of 1.18. The firm has a 50 day moving average of $147.23 and a two-hundred day moving average of $143.96. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $158.88.

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

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s payout ratio is presently 143.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXR shares. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Wells Fargo & Company raised their target price on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. The Goldman Sachs Group restated a “neutral” rating and set a $160.00 target price on shares of Extra Space Storage in a report on Thursday, July 30th. UBS Group upped their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.20.

Insider Buying and Selling at Extra Space Storage

In related 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 directly owned 37,374 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

About Extra Space Storage

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.