California State Teachers Retirement System Sells 16,840 Shares of Extra Space Storage Inc $EXR

California State Teachers Retirement System reduced its holdings in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 277,352 shares of the real estate investment trust's stock after selling 16,840 shares during the quarter. California State Teachers Retirement System owned 0.13% of Extra Space Storage worth $40,299,246 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EXR. BlackRock Inc. purchased a new stake in shares of Extra Space Storage during the second quarter valued at approximately $3,334,263,000. Norges Bank purchased a new position in Extra Space Storage during the fourth quarter valued at approximately $1,219,606,000. Capital International Investors grew its holdings in shares of Extra Space Storage by 73.9% during 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 buying an additional 2,658,947 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Extra Space Storage by 24,295.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,241,413 shares of the real estate investment trust's stock valued at $325,677,000 after purchasing an additional 2,232,225 shares during the period. Finally, Legal & General Group Plc purchased a new position in Extra Space Storage during the 2nd quarter worth approximately $299,746,000. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Trading Down 1.3%

Shares of EXR stock traded down $1.83 during trading hours on Tuesday, hitting $137.57. 416,611 shares of the company were exchanged, compared to its average volume of 1,227,467. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $158.88. The firm has a market cap of $29.06 billion, a PE ratio of 30.39, a PEG ratio of 3.95 and a beta of 1.16. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $145.33 and a 200 day moving average of $143.39.

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

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. Extra Space Storage's dividend payout ratio (DPR) is presently 143.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EXR shares. Truist Financial boosted their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research report on Wednesday, June 17th. Weiss Ratings raised Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. Mizuho dropped their target price on Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating for the company in a research report on Wednesday, September 2nd. UBS Group boosted their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Bank of America upgraded shares of Extra Space Storage from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $148.93.

Extra Space Storage Company 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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