Banco Bilbao Vizcaya Argentaria S.A. Has $717,000 Stock Position in Extra Space Storage Inc $EXR

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in Extra Space Storage Inc (NYSE:EXR) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,869 shares of the real estate investment trust’s stock after selling 539 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Extra Space Storage were worth $717,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in Extra Space Storage by 205.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,094,555 shares of the real estate investment trust’s stock valued at $608,001,000 after acquiring an additional 2,755,265 shares in the last quarter. Nuveen LLC bought a new stake in shares of Extra Space Storage during the 1st quarter worth approximately $257,917,000. AQR Capital Management LLC boosted its holdings in shares of Extra Space Storage by 570.3% in the 1st quarter. AQR Capital Management LLC now owns 1,124,206 shares of the real estate investment trust’s stock valued at $166,180,000 after buying an additional 956,500 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Extra Space Storage by 259.1% in the first quarter. Resolution Capital Ltd now owns 902,157 shares of the real estate investment trust’s stock valued at $133,961,000 after buying an additional 650,957 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Extra Space Storage by 18.7% during the first quarter. Invesco Ltd. now owns 3,056,384 shares of the real estate investment trust’s stock worth $453,843,000 after buying an additional 480,642 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

EXR stock opened at $130.48 on Wednesday. The company has a 50 day simple moving average of $141.15 and a 200 day simple moving average of $144.42. The stock has a market cap of $27.69 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $175.57.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.02. Extra Space Storage had a return on equity of 6.53% and a net margin of 28.40%.The company had revenue of $858.46 million for the quarter, compared to the consensus estimate of $736.26 million. During the same quarter last year, the business posted $2.07 EPS. Extra Space Storage’s revenue for the quarter was up 4.1% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 5.0%. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXR. UBS Group dropped their target price on shares of Extra Space Storage from $169.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Scotiabank decreased their target price on shares of Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada lowered their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average price target of $148.36.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the completion of the transaction, the chief executive officer owned 19,760 shares in the company, valued at approximately $2,794,261.60. This trade represents a 27.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

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.