Extra Space Storage Inc $EXR Shares Acquired by Capital International Investors

Capital International Investors lifted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,597,740 shares of the real estate investment trust’s stock after buying an additional 35,752 shares during the quarter. Capital International Investors’ holdings in Extra Space Storage were worth $507,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Extra Space Storage during the second quarter valued at about $1,058,303,000. Resolution Capital Ltd increased its position in shares of Extra Space Storage by 116.2% during the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock worth $287,632,000 after acquiring an additional 1,048,685 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Extra Space Storage by 85.7% in the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock worth $203,160,000 after acquiring an additional 665,204 shares in the last quarter. Marshall Wace LLP boosted its holdings in Extra Space Storage by 60.1% in the second quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock valued at $217,828,000 after purchasing an additional 554,666 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Extra Space Storage by 27.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after purchasing an additional 526,163 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Truist Financial increased their target price on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, Barclays upped their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $145.13.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $146.75 on Wednesday. The company has a market cap of $30.99 billion, a PE ratio of 31.90, a P/E/G ratio of 2.94 and a beta of 1.24. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $155.82. The firm has a 50-day simple moving average of $142.81 and a 200 day simple moving average of $139.79. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

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, topping 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 firm had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter last year, the company posted $2.03 earnings per share. Extra Space Storage’s revenue was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

About Extra Space Storage

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.