National Pension Service Has $46.64 Million Stock Holdings in Extra Space Storage Inc $EXR

National Pension Service boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 330,952 shares of the real estate investment trust’s stock after purchasing an additional 11,887 shares during the period. National Pension Service owned about 0.16% of Extra Space Storage worth $46,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its stake in shares of Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 80 shares during the last quarter. Versant Capital Management Inc increased its holdings in Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Exchange Traded Concepts LLC raised its position 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 valued at $139,000 after purchasing an additional 91 shares during the last quarter. CX Institutional boosted its stake in Extra Space Storage by 8.7% in the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in shares of Extra Space Storage by 6.9% during the third quarter. Simplicity Wealth LLC now owns 1,541 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXR shares. Morgan Stanley cut their price target on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. UBS Group reduced their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Barclays reissued an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a report on Tuesday, January 13th. Finally, Mizuho upped their price objective on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $146.53.

Extra Space Storage Price Performance

Shares of EXR stock opened at $135.27 on Tuesday. The firm’s 50 day moving average price is $135.12 and its two-hundred day moving average price is $139.06. The stock has a market cap of $28.71 billion, a PE ratio of 30.19, a PEG ratio of 2.66 and a beta of 1.27. 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.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, December 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.8%. Extra Space Storage’s payout ratio is currently 144.64%.

Extra Space Storage 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.