Nomura Asset Management Co. Ltd. Has $50.92 Million Stock Position in Extra Space Storage Inc $EXR

Nomura Asset Management Co. Ltd. grew its position in Extra Space Storage Inc (NYSE:EXR) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 391,044 shares of the real estate investment trust’s stock after buying an additional 9,492 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Extra Space Storage were worth $50,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 161,171 shares during the period. State Street Corp boosted its stake in Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares during the period. Norges Bank acquired a new position in Extra Space Storage in the 4th quarter worth $1,219,606,000. Capital World Investors boosted its stake in Extra Space Storage by 0.5% in the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock worth $1,009,371,000 after purchasing an additional 33,622 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Extra Space Storage by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after purchasing an additional 406,146 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

NYSE:EXR opened at $144.50 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day simple moving average is $139.25 and its 200 day simple moving average is $138.48. The company has a market cap of $30.53 billion, a P/E ratio of 32.40, a P/E/G ratio of 4.69 and a beta of 1.20. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $155.19.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts forecast that Extra Space Storage Inc will post 8.23 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s payout ratio is currently 145.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho upped their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Barclays upped their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $151.86.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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.