Czech National Bank Has $7.23 Million Position in Extra Space Storage Inc. (NYSE:EXR)

Czech National Bank increased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,689 shares of the real estate investment trust's stock after purchasing an additional 2,726 shares during the period. Czech National Bank's holdings in Extra Space Storage were worth $7,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXR. Brentview Investment Management LLC bought a new position in Extra Space Storage in the fourth quarter valued at approximately $2,852,000. Natixis acquired a new stake in shares of Extra Space Storage during the fourth quarter worth $11,501,000. Investment Management Corp of Ontario raised its holdings in shares of Extra Space Storage by 37.0% during the fourth quarter. Investment Management Corp of Ontario now owns 9,543 shares of the real estate investment trust's stock worth $1,428,000 after acquiring an additional 2,579 shares during the period. Jones Financial Companies Lllp lifted its position in Extra Space Storage by 20.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,109 shares of the real estate investment trust's stock valued at $166,000 after acquiring an additional 185 shares in the last quarter. Finally, Tempus Wealth Planning LLC acquired a new position in Extra Space Storage in the 4th quarter worth $554,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 0.1%

EXR stock traded down $0.12 during mid-day trading on Wednesday, reaching $149.81. The company had a trading volume of 1,105,891 shares, compared to its average volume of 1,062,562. The company has a market capitalization of $31.79 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 7.76 and a beta of 1.14. Extra Space Storage Inc. has a 52 week low of $121.03 and a 52 week high of $184.87. The stock has a 50 day simple moving average of $143.84 and a two-hundred day simple moving average of $150.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.04. The business had revenue of $820.00 million during the quarter, compared to analysts' expectations of $705.12 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $1.96 earnings per share. As a group, equities analysts predict that Extra Space Storage Inc. will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Monday, June 16th. Extra Space Storage's dividend payout ratio (DPR) is presently 150.35%.

Analyst Ratings Changes

EXR has been the subject of a number of research reports. Scotiabank increased their target price on Extra Space Storage from $149.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Monday, May 12th. Mizuho increased their price objective on Extra Space Storage from $141.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Wall Street Zen upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reduced their price target on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Bank of America raised their price target on shares of Extra Space Storage from $155.00 to $161.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $159.38.

Insider Transactions at Extra Space Storage

In related news, Director Joseph J. Bonner sold 672 shares of Extra Space Storage stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $149.10, for a total transaction of $100,195.20. Following the completion of the transaction, the director now owns 4,557 shares in the company, valued at approximately $679,448.70. This trade represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the transaction, the chief executive officer now directly owns 9,190 shares in the company, valued at approximately $1,355,065.50. This trade represents a 44.94% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.