Extra Space Storage Inc $EXR Stock Position Raised by Centersquare Investment Management LLC

Centersquare Investment Management LLC boosted its stake in Extra Space Storage Inc (NYSE:EXR) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,920,697 shares of the real estate investment trust’s stock after purchasing an additional 227,289 shares during the period. Extra Space Storage makes up approximately 4.1% of Centersquare Investment Management LLC’s holdings, making the stock its 6th largest position. Centersquare Investment Management LLC owned about 1.38% of Extra Space Storage worth $411,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Extra Space Storage by 0.5% in the third quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after acquiring an additional 161,171 shares during the period. State Street Corp boosted its position in Extra Space Storage by 1.6% in the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after purchasing an additional 210,466 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage during the 2nd quarter valued at about $1,058,303,000. Principal Financial Group Inc. grew its stake in shares of Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after purchasing an additional 100,637 shares during the last quarter. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Price Performance

NYSE:EXR opened at $147.00 on Thursday. The business’s 50-day simple moving average is $139.54 and its two-hundred day simple moving average is $139.10. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $161.50. The stock has a market cap of $31.04 billion, a PE ratio of 31.96, a P/E/G ratio of 3.01 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The firm had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

Wall Street Analysts Forecast Growth

EXR has been the topic of a number of research reports. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday. Evercore reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Wells Fargo & Company cut their price target on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $145.13.

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.