Extra Space Storage Inc $EXR is Cbre Investment Management Listed Real Assets LLC’s 6th Largest Position

Cbre Investment Management Listed Real Assets LLC grew its position in shares of Extra Space Storage Inc (NYSE:EXR) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 accounts for approximately 2.6% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 6th largest holding. Cbre Investment Management Listed Real Assets LLC owned about 0.60% of Extra Space Storage worth $180,612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in Extra Space Storage by 38.2% during the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock worth $83,052,000 after buying an additional 162,773 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Extra Space Storage by 6.4% in the third 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 acquiring an additional 406,146 shares during the last quarter. Cibc World Market Inc. boosted its stake in Extra Space Storage by 19.4% in the third quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after acquiring an additional 30,983 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Extra Space Storage by 6.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock valued at $17,982,000 after acquiring an additional 7,831 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Extra Space Storage by 32.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock valued at $3,416,000 after acquiring an additional 5,870 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 3.7%

EXR opened at $141.26 on Thursday. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $155.19. The company has a market cap 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 current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average of $143.03 and a 200 day moving average of $139.80.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter in the previous year, the firm posted $2.03 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXR. Mizuho lifted their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a report on Thursday, February 5th. Barclays raised their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Finally, Scotiabank increased their price target on 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. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average price target of $145.13.

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.