National Pension Service Has $47.03 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

National Pension Service lessened its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 314,349 shares of the real estate investment trust's stock after selling 19,516 shares during the period. National Pension Service owned approximately 0.15% of Extra Space Storage worth $47,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its stake in shares of Extra Space Storage by 159.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 10,768 shares of the real estate investment trust's stock valued at $1,611,000 after acquiring an additional 6,612 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in Extra Space Storage in the fourth quarter valued at about $652,000. Brown Financial Advisors grew its stake in shares of Extra Space Storage by 5.8% in the fourth quarter. Brown Financial Advisors now owns 9,666 shares of the real estate investment trust's stock valued at $1,446,000 after buying an additional 532 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Extra Space Storage by 8.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,956 shares of the real estate investment trust's stock valued at $6,127,000 after buying an additional 3,100 shares during the period. Finally, Navellier & Associates Inc. grew its position in Extra Space Storage by 34.0% in the fourth quarter. Navellier & Associates Inc. now owns 3,856 shares of the real estate investment trust's stock valued at $577,000 after acquiring an additional 979 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Stock Up 1.0 %

Shares of Extra Space Storage stock traded up $1.46 during trading on Monday, hitting $154.02. 2,069,366 shares of the stock traded hands, compared to its average volume of 1,357,230. The company has a fifty day moving average price of $152.27 and a two-hundred day moving average price of $163.43. Extra Space Storage Inc. has a twelve month low of $131.02 and a twelve month high of $184.87. The stock has a market cap of $32.65 billion, a P/E ratio of 40.32, a PEG ratio of 7.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.93. The business had revenue of $821.90 million during the quarter, compared to the consensus estimate of $707.34 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. Equities research analysts predict that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, March 14th. Extra Space Storage's dividend payout ratio is currently 160.40%.

Insider Buying and Selling

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXR has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating for the company in a research report on Thursday. Scotiabank upgraded Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price target for the company in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Barclays decreased their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Finally, Truist Financial raised their target price on Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $171.55.

Extra Space Storage 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.