Cibc World Market Inc. Has $29.06 Million Stock Holdings in Extra Space Storage Inc $EXR

Cibc World Market Inc. increased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 16.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 223,123 shares of the real estate investment trust’s stock after buying an additional 32,260 shares during the period. Cibc World Market Inc.’s holdings in Extra Space Storage were worth $29,055,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Extra Space Storage by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock valued at $4,852,680,000 after acquiring an additional 161,171 shares during the period. State Street Corp lifted its position in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after acquiring an additional 230,697 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage during the fourth quarter worth approximately $1,219,606,000. Capital World Investors grew its position in shares of Extra Space Storage by 0.5% in the third quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock valued at $1,009,371,000 after purchasing an additional 33,622 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Extra Space Storage by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,945,315 shares of the real estate investment trust’s stock valued at $771,397,000 after purchasing an additional 56,118 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Up 2.0%

Shares of NYSE EXR opened at $145.87 on Friday. The stock has a market capitalization of $30.82 billion, a P/E ratio of 32.71, a PEG ratio of 4.65 and a beta of 1.20. The stock’s fifty day moving average is $140.13 and its 200 day moving average is $138.77. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts forecast that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio is 145.29%.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXR. BNP Paribas Exane raised Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a report on Wednesday, March 18th. UBS Group upped their price objective on Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, May 18th. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a report on Thursday, February 5th. Truist Financial reduced their target price on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Finally, Mizuho upped their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $152.29.

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.