Amundi Has $92.61 Million Stock Holdings in Extra Space Storage Inc $EXR

Key Points

• Amundi reduced its Extra Space Storage stake by 10.2% in the second quarter, selling 72,141 shares and retaining 637,395 shares valued at approximately $92.6 million.
• Institutional investors own 99.11% of EXR, while analysts maintain a consensus “Hold” rating with an average price target of $148.93.
• Extra Space Storage exceeded quarterly EPS expectations, reporting $1.25 versus the $1.16 consensus estimate, and declared a quarterly dividend of $1.62, representing a 4.8% annualized yield.

Amundi lowered its stake in Extra Space Storage Inc (NYSE:EXR - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 637,395 shares of the real estate investment trust's stock after selling 72,141 shares during the period. Amundi owned approximately 0.30% of Extra Space Storage worth $92,613,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EXR. California State Teachers Retirement System grew its position in shares of Extra Space Storage by 13,598.3% in the second quarter. California State Teachers Retirement System now owns 40,299,246 shares of the real estate investment trust's stock valued at $5,855,480,000 after purchasing an additional 40,005,054 shares during the last quarter. BlackRock Inc. bought a new stake in Extra Space Storage in the 2nd quarter valued at $3,334,263,000. Cohen & Steers Inc. boosted its stake in 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 valued at $2,080,971,000 after purchasing an additional 1,888,763 shares during the period. State Street Corp grew its holdings in Extra Space Storage by 1.7% in the 3rd 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 buying an additional 230,697 shares in the last quarter. Finally, Norges Bank acquired a new position in Extra Space Storage in the 4th quarter valued at $1,219,606,000. 99.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Scotiabank lifted their target price on Extra Space Storage from $157.00 to $158.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th. Truist Financial upped their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a "hold" rating in a research note on Wednesday, June 17th. UBS Group upped their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Finally, Barclays lifted their price objective on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $148.93.

Extra Space Storage Stock Performance

EXR opened at $135.81 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The firm has a market cap of $28.69 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.16. The business's fifty day moving average is $145.95 and its 200-day moving average is $143.66.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The business had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Extra Space Storage'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. Sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage's dividend payout ratio (DPR) is presently 143.05%.

Extra Space Storage Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions.

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