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

Centersquare Investment Management LLC increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,034,077 shares of the real estate investment trust’s stock after buying an additional 113,380 shares during the period. Extra Space Storage comprises approximately 3.9% of Centersquare Investment Management LLC’s holdings, making the stock its 6th biggest holding. Centersquare Investment Management LLC’s holdings in Extra Space Storage were worth $395,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new stake in Extra Space Storage during the 3rd quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage during the 3rd quarter worth $28,000. Rosenberg Matthew Hamilton increased its stake in Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 217 shares during the period. Logan Capital Management Inc. increased its stake in Extra Space Storage by 313.7% during the 3rd quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 229 shares during the period. Finally, Zions Bancorporation National Association UT increased its stake in Extra Space Storage by 172.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of EXR stock opened at $150.49 on Friday. The firm has a market cap of $31.79 billion, a P/E ratio of 33.74, a P/E/G ratio of 4.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage Inc has a 1-year low of $125.71 and a 1-year high of $155.19. The firm has a fifty day moving average of $141.93 and a two-hundred day moving average of $139.39.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 earnings per share. 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 8.24 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Wednesday, March 18th. Scotiabank lifted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Barclays raised their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Mizuho raised their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.29.

Extra Space Storage Company 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.