Strs Ohio Has $62.74 Million Stake in Extra Space Storage Inc $EXR

Strs Ohio increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,133 shares of the real estate investment trust’s stock after purchasing an additional 24,742 shares during the quarter. Strs Ohio owned 0.21% of Extra Space Storage worth $62,737,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake 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 valued at $269,000 after acquiring an additional 80 shares during the last quarter. Versant Capital Management Inc grew its holdings in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 80 shares during the period. Brown Advisory Inc. increased its position in Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of 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 purchasing an additional 91 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Extra Space Storage by 6.5% during the second 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 last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of NYSE EXR opened at $143.82 on Friday. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $162.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. The firm’s fifty day moving average is $134.00 and its two-hundred day moving average is $139.70. The company has a market cap of $30.52 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.70 and a beta of 1.27.

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

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXR. Mizuho upped their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Truist Financial increased their target price on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $146.53.

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.