Extra Space Storage Inc $EXR Stake Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Extra Space Storage Inc (NYSE:EXR) by 74.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,589 shares of the real estate investment trust’s stock after acquiring an additional 83,486 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Extra Space Storage worth $25,722,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EXR. Raiffeisen Bank International AG grew its stake in shares of Extra Space Storage by 82.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 84 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Extra Space Storage in the 1st quarter valued at $30,000. Security National Bank of SO Dak acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at $34,000. CoreCap Advisors LLC lifted its stake in shares of Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 234 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EXR. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Wells Fargo & Company cut their price objective on shares of Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Evercore set a $146.00 price objective on shares of Extra Space Storage in a research report on Monday, September 21st. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 target price on shares of Extra Space Storage in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $148.67.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $143.57 on Friday. Extra Space Storage Inc has a 52-week low of $125.71 and a 52-week high of $158.88. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 4.24 and a beta of 1.15. The company has a fifty day simple moving average of $138.45 and a 200-day simple moving average of $142.64. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. Extra Space Storage’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities analysts anticipate that Extra Space Storage Inc will post 8.34 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s payout ratio is presently 143.05%.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.