Axa S.A. Has $39.11 Million Stock Holdings in Extra Space Storage Inc $EXR

Axa S.A. increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 33.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,280 shares of the real estate investment trust’s stock after buying an additional 65,942 shares during the quarter. Axa S.A. owned about 0.12% of Extra Space Storage worth $39,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL raised its position in shares of Extra Space Storage by 4.1% during the first quarter. Blair William & Co. IL now owns 2,693 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 105 shares during the period. Citigroup Inc. raised its holdings in Extra Space Storage by 47.3% during the first quarter. Citigroup Inc. now owns 220,863 shares of the real estate investment trust’s stock worth $32,796,000 after buying an additional 70,898 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Extra Space Storage in the first quarter valued at $50,000. Townsquare Capital LLC lifted its stake in shares of Extra Space Storage by 2.6% in the first quarter. Townsquare Capital LLC now owns 10,221 shares of the real estate investment trust’s stock valued at $1,518,000 after buying an additional 261 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Extra Space Storage by 205.7% during the first quarter. JPMorgan Chase & Co. now owns 4,094,555 shares of the real estate investment trust’s stock valued at $608,001,000 after buying an additional 2,755,265 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the 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 directly owned 19,760 shares of the company’s stock, valued at $2,794,261.60. This represents a 27.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXR. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. UBS Group lowered their price objective on Extra Space Storage from $169.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Truist Financial cut their target price on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, August 19th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada dropped their price objective on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $147.53.

Extra Space Storage Stock Down 1.5%

EXR stock opened at $126.63 on Wednesday. The stock has a market cap of $26.88 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.45 and a beta of 1.27. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $137.87 and its two-hundred day simple moving average is $142.61. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $164.51.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.02. The firm had revenue of $858.46 million during the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, December 15th. Extra Space Storage’s payout ratio is presently 144.64%.

About Extra Space Storage

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.