Extra Space Storage Inc $EXR Stock Holdings Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,972 shares of the real estate investment trust’s stock after purchasing an additional 8,297 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Extra Space Storage worth $17,895,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in EXR. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of Extra Space Storage by 4.6% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 80 shares during the period. Brown Advisory Inc. increased 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 worth $653,000 after acquiring an additional 80 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Extra Space Storage by 10.2% during the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 91 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Extra Space Storage by 6.5% during the second quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 95 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in Extra Space Storage by 0.4% during the second quarter. Moody Lynn & Lieberson LLC now owns 28,289 shares of the real estate investment trust’s stock valued at $4,171,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Up 1.8%

Shares of EXR stock opened at $136.31 on Friday. The stock’s 50 day simple moving average is $131.56 and its 200 day simple moving average is $140.02. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month 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. The company has a market capitalization of $28.93 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.47 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $2.06 by $0.02. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The company had revenue of $858.46 million for the quarter, compared to the consensus estimate of $736.26 million. During the same quarter last year, the company posted $2.07 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, research analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on EXR. Mizuho dropped their target price on Extra Space Storage from $154.00 to $137.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Truist Financial cut their price objective on shares of Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. UBS Group decreased their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $146.20.

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.