Extra Space Storage Inc $EXR Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 74.5% in the third quarter, HoldingsChannel.com reports. 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.’s holdings in Extra Space Storage were worth $25,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. BlackRock Inc. acquired a new position in Extra Space Storage during the second quarter worth $3,334,263,000. First Eagle Investment Management LLC grew its stake in shares of Extra Space Storage by 1.0% in the second quarter. First Eagle Investment Management LLC now owns 3,876,997 shares of the real estate investment trust’s stock valued at $563,328,000 after buying an additional 38,306 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Extra Space Storage by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,206,587 shares of the real estate investment trust’s stock valued at $420,461,000 after buying an additional 33,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Extra Space Storage by 24,295.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,241,413 shares of the real estate investment trust’s stock valued at $325,677,000 after buying an additional 2,232,225 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Extra Space Storage in the 2nd quarter valued at $299,746,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 0.3%

Shares of NYSE:EXR opened at $143.57 on Friday. The company has a market capitalization of $30.33 billion, a PE ratio of 17.15, a P/E/G ratio of 4.24 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. Extra Space Storage Inc has a twelve month low of $125.71 and a twelve month high of $158.88. The firm has a 50 day simple moving average of $138.45 and a 200-day simple moving average of $142.64.

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

Extra Space Storage Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on EXR shares. Wells Fargo & Company decreased their target price on Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Royal Bank Of Canada raised their target price on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Truist Financial upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and dropped their price target for the stock from $148.00 to $147.00 in a research note on Thursday, October 1st. Finally, Scotiabank upped their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.67.

About Extra Space Storage

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.