Extra Space Storage Inc (NYSE:EXR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in Extra Space Storage Inc (NYSE:EXR - Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,778 shares of the real estate investment trust's stock after selling 6,475 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Extra Space Storage were worth $15,113,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund bought a new stake in Extra Space Storage in the 4th quarter valued at $652,000. NewEdge Wealth LLC increased its holdings in shares of Extra Space Storage by 14.0% in the fourth quarter. NewEdge Wealth LLC now owns 9,269 shares of the real estate investment trust's stock worth $1,387,000 after purchasing an additional 1,137 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Extra Space Storage by 1.1% in the fourth quarter. New York Life Investment Management LLC now owns 31,547 shares of the real estate investment trust's stock worth $4,719,000 after buying an additional 354 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Extra Space Storage in the fourth quarter worth about $25,090,000. Finally, Fisher Asset Management LLC raised its stake in Extra Space Storage by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,437 shares of the real estate investment trust's stock valued at $8,892,000 after purchasing an additional 206 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXR shares. Bank of America boosted their target price on Extra Space Storage from $155.00 to $161.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Barclays decreased their target price on shares of Extra Space Storage from $181.00 to $178.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Mizuho boosted their price target on Extra Space Storage from $141.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, BNP Paribas upgraded shares of Extra Space Storage to a "hold" rating in a research note on Tuesday, June 24th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $159.29.

Extra Space Storage Trading Up 0.8%

Extra Space Storage stock traded up $1.17 during midday trading on Wednesday, hitting $151.67. 763,282 shares of the stock were exchanged, compared to its average volume of 1,056,468. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $184.87. The stock has a market capitalization of $32.18 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 3.58 and a beta of 1.10. The stock's 50-day simple moving average is $147.85 and its 200 day simple moving average is $148.32. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.04. Extra Space Storage had a net margin of 27.84% and a return on equity of 6.11%. The company had revenue of $820.00 million for the quarter, compared to analysts' expectations of $705.12 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. Extra Space Storage's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.27%. The ex-dividend date was Monday, June 16th. Extra Space Storage's dividend payout ratio is currently 150.35%.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.