Ilmarinen Mutual Pension Insurance Co Grows Position in Extra Space Storage Inc $EXR

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 165.0% during the 4th quarter, HoldingsChannel reports. The fund owned 36,300 shares of the real estate investment trust’s stock after buying an additional 22,600 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Extra Space Storage were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EXR. Avalon Trust Co purchased a new stake in Extra Space Storage in the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth approximately $28,000. Rosenberg Matthew Hamilton raised its stake in shares of Extra Space Storage by 442.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Extra Space Storage by 39.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 325 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 92 shares in the last quarter. Finally, Logan Capital Management Inc. increased its holdings in shares of Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 229 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EXR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Barclays boosted their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Scotiabank upped their target price on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Finally, Mizuho upped their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $151.86.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Shares of NYSE EXR opened at $144.50 on Friday. The firm’s 50-day moving average price is $139.25 and its 200-day moving average price is $138.43. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market cap of $30.53 billion, a PE ratio of 32.40, a PEG ratio of 4.74 and a beta of 1.22. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts anticipate that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s payout ratio is 145.29%.

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.