Erste Asset Management GmbH Reduces Stake in Extra Space Storage Inc $EXR

Erste Asset Management GmbH reduced its holdings in Extra Space Storage Inc (NYSE:EXR) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,900 shares of the real estate investment trust’s stock after selling 3,500 shares during the quarter. Erste Asset Management GmbH’s holdings in Extra Space Storage were worth $693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in shares of Extra Space Storage by 60.2% during the third 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 in the last quarter. Brown Advisory Inc. lifted its position in Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in shares of Extra Space Storage by 2.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 88 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Extra Space Storage by 10.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 91 shares during the period. Finally, CX Institutional increased its stake in shares of Extra Space Storage by 8.7% in the 3rd quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

EXR opened at $150.93 on Monday. The company’s 50 day moving average is $140.29 and its 200 day moving average is $139.31. 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 market cap of $31.87 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.04 and a beta of 1.24. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $160.58.

Extra Space Storage (NYSE:EXR) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. During the same period in the previous year, the business earned $2.03 earnings per share. Extra Space Storage’s quarterly revenue 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, equities research analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXR. Truist Financial boosted their price target on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Mizuho increased their target price on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Barclays restated an “overweight” rating and set a $164.00 price target on shares of Extra Space Storage in a report on Tuesday, January 13th. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research note on Thursday, February 5th. Finally, Evercore reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.