Extra Space Storage Inc $EXR Stock Holdings Raised by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC increased its position in Extra Space Storage Inc (NYSE:EXR) by 3.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,281,480 shares of the real estate investment trust’s stock after acquiring an additional 36,850 shares during the quarter. Extra Space Storage makes up about 2.6% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 6th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Extra Space Storage were worth $180,612,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in Extra Space Storage during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares during the period. Davis Capital Management purchased a new position in shares of Extra Space Storage during the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Extra Space Storage during the 2nd quarter valued at $37,000. Finally, MTM Investment Management LLC bought a new position in shares of Extra Space Storage in the second quarter worth $38,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXR. Scotiabank increased their price objective on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a research note on Thursday, February 5th. Wells Fargo & Company lowered their price target on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Barclays lifted their price target on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Morgan Stanley cut their price objective on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.13.

Extra Space Storage Stock Down 3.7%

Shares of NYSE:EXR opened at $141.26 on Thursday. The firm has a market capitalization of $29.83 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $155.19. The firm has a fifty day moving average of $143.03 and a 200 day moving average of $139.80.

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

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $1.62 dividend. The ex-dividend date is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s payout ratio is presently 140.87%.

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.