Extra Space Storage Inc $EXR Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 32.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,240 shares of the real estate investment trust’s stock after purchasing an additional 5,870 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Extra Space Storage were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of Extra Space Storage by 4.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 80 shares during the last quarter. Brown Advisory Inc. lifted its position in Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 80 shares during the period. Exchange Traded Concepts LLC boosted its stake in Extra Space Storage by 10.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 91 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Extra Space Storage by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 95 shares during the period. Finally, CX Institutional increased its stake in shares of Extra Space Storage by 8.7% during the 3rd quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 95 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Up 2.1%

Shares of NYSE:EXR opened at $139.15 on Monday. The company has a market capitalization of $29.53 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27. The company has a 50 day moving average of $131.67 and a two-hundred day moving average of $139.85. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $162.77. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The company had revenue of $858.46 million during the quarter, compared to analysts’ expectations of $736.26 million. During the same period in the prior year, the company posted $2.07 EPS. The firm’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. As a group, analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Truist Financial reduced their price objective on Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. UBS Group cut their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada dropped their price objective on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.20.

About Extra Space Storage

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.