Extra Space Storage Inc. (NYSE:EXR) Stock Position Decreased by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands decreased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,840 shares of the real estate investment trust's stock after selling 4,000 shares during the quarter. Extra Space Storage comprises approximately 1.7% of Pensionfund DSM Netherlands' holdings, making the stock its 19th biggest holding. Pensionfund DSM Netherlands' holdings in Extra Space Storage were worth $2,669,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EXR. Larson Financial Group LLC lifted its position in Extra Space Storage by 112,700.0% during the 2nd quarter. Larson Financial Group LLC now owns 1,128 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 1,127 shares in the last quarter. National Bank of Canada FI grew its holdings in Extra Space Storage by 24.5% during the 2nd quarter. National Bank of Canada FI now owns 58,645 shares of the real estate investment trust's stock valued at $8,909,000 after purchasing an additional 11,541 shares in the last quarter. Victory Capital Management Inc. increased its stake in Extra Space Storage by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 141,936 shares of the real estate investment trust's stock worth $22,058,000 after buying an additional 7,898 shares during the period. Arizona State Retirement System increased its stake in Extra Space Storage by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 61,336 shares of the real estate investment trust's stock worth $9,532,000 after buying an additional 706 shares during the period. Finally, Candriam S.C.A. lifted its holdings in Extra Space Storage by 6.5% in the 2nd quarter. Candriam S.C.A. now owns 11,943 shares of the real estate investment trust's stock worth $1,856,000 after buying an additional 732 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Performance

Shares of EXR stock traded down $2.56 during trading hours on Monday, reaching $148.48. The stock had a trading volume of 991,857 shares, compared to its average volume of 858,819. The firm has a market capitalization of $31.48 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 8.03 and a beta of 0.91. The firm has a 50-day simple moving average of $160.44 and a 200-day simple moving average of $165.50. Extra Space Storage Inc. has a twelve month low of $131.02 and a twelve month high of $184.87. 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 announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $2.03 by ($1.12). The firm had revenue of $824.80 million during the quarter, compared to analyst estimates of $826.93 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. Extra Space Storage's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 EPS. As a group, equities analysts forecast that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.36%. Extra Space Storage's dividend payout ratio (DPR) is 169.63%.

Insider Transactions at Extra Space Storage

In related news, Director Diane Olmstead sold 3,081 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $164.56, for a total transaction of $507,009.36. Following the completion of the transaction, the director now owns 5,877 shares of the company's stock, valued at $967,119.12. This trade represents a 34.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXR. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $175.00 target price on shares of Extra Space Storage in a research report on Monday, October 21st. Truist Financial increased their target price on Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Royal Bank of Canada initiated coverage on shares of Extra Space Storage in a research note on Tuesday, September 10th. They issued a "sector perform" rating and a $180.00 price target for the company. Jefferies Financial Group upgraded shares of Extra Space Storage from a "hold" rating to a "buy" rating and increased their price objective for the company from $162.00 to $204.00 in a research note on Wednesday, September 18th. Finally, KeyCorp boosted their target price on shares of Extra Space Storage from $172.00 to $178.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $173.08.

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.