Korea Investment CORP lessened its stake in Extra Space Storage Inc (NYSE:EXR - Free Report) by 46.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,020 shares of the real estate investment trust's stock after selling 54,511 shares during the period. Korea Investment CORP's holdings in Extra Space Storage were worth $9,023,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Extra Space Storage by 38.2% in the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust's stock valued at $83,052,000 after acquiring an additional 162,773 shares during the period. Principal Financial Group Inc. lifted its position in shares of Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust's stock worth $946,540,000 after buying an additional 406,146 shares during the period. Cibc World Market Inc. boosted its stake in Extra Space Storage by 19.4% in the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust's stock valued at $26,900,000 after buying an additional 30,983 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Extra Space Storage by 6.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust's stock valued at $17,982,000 after acquiring an additional 7,831 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Extra Space Storage by 32.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust's stock worth $3,416,000 after purchasing an additional 5,870 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Scotiabank boosted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. Mizuho increased their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an "outperform" rating in a research report on Monday, January 12th. Truist Financial lifted their price objective on Extra Space Storage from $142.00 to $146.00 and gave the company a "hold" rating in a research report on Tuesday, January 20th. Bank of America cut Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 target price on the stock. in a report on Thursday, February 5th. Finally, UBS Group lowered their target price on Extra Space Storage from $156.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Extra Space Storage currently has a consensus rating of "Hold" and a consensus target price of $145.13.
Check Out Our Latest Stock Analysis on Extra Space Storage
Extra Space Storage Trading Down 3.7%
NYSE:EXR opened at $141.26 on Thursday. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.95 and a beta of 1.24. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $155.19. The business's 50-day moving average price is $143.03 and its two-hundred day moving average price is $139.80. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92.
Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. During the same period last year, the company posted $2.03 EPS. Extra Space Storage's revenue for the quarter was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.
Extra Space Storage Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage's payout ratio is currently 140.87%.
Extra Space Storage Profile
(
Free Report)
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.
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