GSI Capital Advisors LLC Boosts Stake in Extra Space Storage Inc $EXR

GSI Capital Advisors LLC lifted its stake in Extra Space Storage Inc (NYSE:EXR) by 42.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,897 shares of the real estate investment trust’s stock after purchasing an additional 16,631 shares during the period. Extra Space Storage accounts for approximately 4.1% of GSI Capital Advisors LLC’s holdings, making the stock its 7th largest holding. GSI Capital Advisors LLC’s holdings in Extra Space Storage were worth $7,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Extra Space Storage by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after purchasing an additional 161,171 shares during the last quarter. State Street Corp boosted its position in shares of Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares during the last quarter. Norges Bank bought a new position in shares of Extra Space Storage in the 4th quarter worth $1,219,606,000. Capital World Investors boosted its position in shares of Extra Space Storage by 0.5% in the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock worth $1,009,371,000 after purchasing an additional 33,622 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Extra Space Storage by 73.9% in the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after purchasing an additional 2,658,947 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXR has been the topic of several recent research reports. UBS Group raised their price target on Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Mizuho raised their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Barclays raised their price objective on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company raised their price objective on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $152.29.

Extra Space Storage Stock Performance

EXR opened at $150.49 on Friday. The business’s 50-day moving average price is $141.93 and its two-hundred day moving average price is $139.39. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The company has a market capitalization of $31.79 billion, a price-to-earnings 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 (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. During the same period in the prior year, the business earned $2.00 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts expect that Extra Space Storage Inc will post 8.24 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

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

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.