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

Capital International Investors increased its holdings in Extra Space Storage Inc (NYSE:EXR) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,597,740 shares of the real estate investment trust’s stock after purchasing an additional 35,752 shares during the period. Capital International Investors owned 1.70% of Extra Space Storage worth $507,065,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in Extra Space Storage by 9.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 291 shares during the period. Empowered Funds LLC increased its stake in shares of Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after acquiring an additional 661 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Extra Space Storage during the 2nd quarter worth about $457,000. Vestmark Advisory Solutions Inc. boosted its position in shares of Extra Space Storage by 43.4% in the second quarter. Vestmark Advisory Solutions Inc. now owns 6,759 shares of the real estate investment trust’s stock worth $997,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Extra Space Storage in the second quarter worth approximately $372,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Scotiabank lifted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a research note on Thursday, February 5th. UBS Group dropped their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average price target of $145.13.

Extra Space Storage Trading Up 0.3%

NYSE EXR opened at $146.75 on Wednesday. The firm has a market capitalization of $30.99 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.94 and a beta of 1.24. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $155.82. The company’s 50 day moving average price is $142.81 and its 200 day moving average price is $139.79.

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

Extra Space Storage Dividend Announcement

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. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio is currently 140.87%.

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.