Westpac Banking Corp Has $6.36 Million Holdings in Extra Space Storage Inc $EXR

Westpac Banking Corp boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,104 shares of the real estate investment trust’s stock after acquiring an additional 4,039 shares during the period. Westpac Banking Corp’s holdings in Extra Space Storage were worth $6,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Extra Space Storage by 6.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 589,426 shares of the real estate investment trust’s stock worth $83,074,000 after purchasing an additional 34,481 shares during the period. Intech Investment Management LLC grew its holdings in Extra Space Storage by 5.9% in the 3rd quarter. Intech Investment Management LLC now owns 15,624 shares of the real estate investment trust’s stock valued at $2,202,000 after buying an additional 869 shares during the last quarter. Centersquare Investment Management LLC increased its position in Extra Space Storage by 8.4% in the 3rd quarter. Centersquare Investment Management LLC now owns 2,920,697 shares of the real estate investment trust’s stock worth $411,643,000 after buying an additional 227,289 shares during the period. MAI Capital Management lifted its holdings in shares of Extra Space Storage by 125.3% during the third quarter. MAI Capital Management now owns 17,038 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 9,477 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in shares of Extra Space Storage by 2.9% in the third quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 88 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. UBS Group dropped their price objective 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, January 8th. Morgan Stanley cut their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company cut their price target on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.13.

Extra Space Storage Stock Performance

NYSE:EXR opened at $147.00 on Thursday. The firm has a market capitalization of $31.04 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 3.01 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $161.50. The firm has a 50-day moving average price of $139.54 and a 200 day moving average price of $139.10.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.87%.

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.