Extra Space Storage Inc $EXR Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in Extra Space Storage Inc (NYSE:EXR) by 15.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,349 shares of the real estate investment trust’s stock after selling 26,671 shares during the quarter. PNC Financial Services Group Inc. owned about 0.07% of Extra Space Storage worth $21,331,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Extra Space Storage by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 34,269,652 shares of the real estate investment trust’s stock valued at $5,052,717,000 after acquiring an additional 300,167 shares during the last quarter. State Street Corp lifted its holdings in shares of Extra Space Storage by 1.6% during the 2nd quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock valued at $2,017,006,000 after buying an additional 210,466 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at approximately $1,058,303,000. Principal Financial Group Inc. increased its holdings in Extra Space Storage by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after buying an additional 406,146 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Extra Space Storage by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after acquiring an additional 100,637 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the subject of several recent analyst reports. Mizuho upped their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. UBS Group cut their price target on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Evercore reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.67.

Extra Space Storage Trading Up 1.0%

NYSE:EXR opened at $147.83 on Wednesday. The firm has a market capitalization of $31.38 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.76 and a beta of 1.27. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $162.77. 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 business’s 50-day moving average price is $137.57 and its two-hundred day moving average price is $138.66.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

Extra Space Storage Company Profile

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.