Public Employees Retirement System of Ohio Sells 49,516 Shares of Extra Space Storage Inc $EXR

Public Employees Retirement System of Ohio decreased its position in Extra Space Storage Inc (NYSE:EXR) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,252 shares of the real estate investment trust’s stock after selling 49,516 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Extra Space Storage were worth $39,897,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Compound Planning Inc. bought a new stake in Extra Space Storage in the 1st quarter valued at $211,000. Inceptionr LLC acquired a new position in Extra Space Storage in the 1st quarter valued at $608,000. Liberty One Investment Management LLC increased its position in Extra Space Storage by 37.3% during the 1st quarter. Liberty One Investment Management LLC now owns 36,367 shares of the real estate investment trust’s stock worth $4,769,000 after buying an additional 9,874 shares during the period. Bank of Nova Scotia increased its position in Extra Space Storage by 32.8% during the 1st quarter. Bank of Nova Scotia now owns 64,944 shares of the real estate investment trust’s stock worth $8,516,000 after buying an additional 16,026 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Extra Space Storage by 16.6% during the first quarter. Cetera Investment Advisers now owns 35,830 shares of the real estate investment trust’s stock worth $4,698,000 after buying an additional 5,110 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EXR shares. Raymond James Financial began coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price for the company. Truist Financial raised their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Mizuho lifted their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. UBS Group boosted their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company increased 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 report on Friday. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $146.53.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $147.77 on Friday. The firm has a 50 day moving average of $145.72 and a 200-day moving average of $142.67. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $31.22 billion, a PE ratio of 33.13, a PEG ratio of 4.50 and a beta of 1.19.

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

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage’s payout ratio is 145.29%.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s 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 sale, the executive vice president directly owned 37,374 shares in the company, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by corporate 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.