Healthcare of Ontario Pension Plan Trust Fund Has $13.16 Million Stock Position in Extra Space Storage Inc $EXR

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,335 shares of the real estate investment trust’s stock after buying an additional 4,945 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Extra Space Storage were worth $13,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Reflection Asset Management bought a new position in shares of Extra Space Storage in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage during the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage during the 1st quarter valued at approximately $30,000. DV Equities LLC acquired a new stake in Extra Space Storage in the 4th quarter valued at approximately $39,000. Finally, Zions Bancorporation National Association UT increased its position in Extra Space Storage by 172.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 193 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Price Performance

Shares of EXR stock opened at $148.43 on Tuesday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a market capitalization of $31.36 billion, a P/E ratio of 33.28, a P/E/G ratio of 4.57 and a beta of 1.19. The stock has a 50 day moving average of $145.90 and a two-hundred day moving average of $142.84. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data 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 firm had revenue of $856.03 million for the quarter, compared to the consensus estimate 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 for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. As a group, equities analysts expect that Extra Space Storage Inc will post 8.26 EPS for the current year.

Extra Space Storage Announces Dividend

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

Insider Transactions at Extra Space Storage

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group upped their price target on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Raymond James Financial started coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Mizuho increased their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, Wells Fargo & Company raised their price target 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 research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $146.53.

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.