Cohen & Steers Inc. Raises Stake in Extra Space Storage Inc $EXR

Cohen & Steers Inc. boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,979,424 shares of the real estate investment trust’s stock after buying an additional 1,888,763 shares during the period. Extra Space Storage comprises 3.8% of Cohen & Steers Inc.’s investment portfolio, making the stock its 6th largest holding. Cohen & Steers Inc. owned about 0.08% of Extra Space Storage worth $2,080,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schiavi & Co LLC raised its holdings in Extra Space Storage by 16.3% during the 4th quarter. Schiavi & Co LLC now owns 7,938 shares of the real estate investment trust’s stock worth $1,034,000 after buying an additional 1,111 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in Extra Space Storage by 18.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 24,880 shares of the real estate investment trust’s stock worth $3,240,000 after buying an additional 3,795 shares during the period. Cibc World Markets Corp acquired a new stake in Extra Space Storage during the 4th quarter worth about $19,910,000. Dimensional Fund Advisors LP raised its holdings in Extra Space Storage by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,956 shares of the real estate investment trust’s stock worth $413,192,000 after buying an additional 58,294 shares during the period. Finally, Marex Group plc acquired a new stake in Extra Space Storage during the 4th quarter worth about $295,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

EXR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Mizuho boosted their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Barclays boosted their price objective on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada boosted their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Five 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.com, Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $152.29.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Trading Up 0.0%

NYSE:EXR opened at $150.33 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The stock’s 50-day moving average is $142.29 and its two-hundred day moving average is $139.46. The stock has a market cap of $31.76 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 4.88 and a beta of 1.20.

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 for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The business had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same period last year, the firm earned $2.00 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities research analysts forecast that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s payout ratio is 145.29%.

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.