Legal & General Group Plc Has $289.94 Million Stock Holdings in Extra Space Storage Inc $EXR

Legal & General Group Plc grew its position in Extra Space Storage Inc (NYSE:EXR) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,226,558 shares of the real estate investment trust’s stock after purchasing an additional 176,735 shares during the period. Legal & General Group Plc’s holdings in Extra Space Storage were worth $289,942,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 valued at $4,852,680,000 after purchasing an additional 161,171 shares in the last quarter. State Street Corp boosted its stake 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 valued at $1,960,599,000 after purchasing an additional 230,697 shares in the last quarter. Capital World Investors boosted its stake 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 valued at $1,009,371,000 after purchasing an additional 33,622 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Extra Space Storage by 6.4% in the 3rd 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 purchasing an additional 406,146 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Extra Space Storage by 1.0% in the 3rd quarter. Capital International Investors now owns 3,597,740 shares of the real estate investment trust’s stock valued at $507,065,000 after purchasing an additional 35,752 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $144.17 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. 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 cap of $30.46 billion, a PE ratio of 32.33, a PEG ratio of 4.66 and a beta of 1.22. The company’s 50-day moving average is $138.83 and its two-hundred day moving average is $138.20.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter in the previous year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts anticipate that Extra Space Storage Inc will post 8.23 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer directly owned 66,495 shares in the company, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Wells Fargo & Company reduced their price target on shares of Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Scotiabank upped their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Royal Bank Of Canada upped 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 report on Monday, February 23rd. Finally, Truist Financial reduced their price target on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $151.00.

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.