Ontario Teachers Pension Plan Board Buys 3,511 Shares of Extra Space Storage Inc $EXR

Ontario Teachers Pension Plan Board raised its stake in Extra Space Storage Inc (NYSE:EXR) by 95.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,207 shares of the real estate investment trust’s stock after buying an additional 3,511 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Extra Space Storage were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in 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 buying an additional 161,171 shares during the last quarter. State Street Corp lifted its position in Extra Space Storage by 1.6% during the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after acquiring an additional 210,466 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage during the second quarter worth approximately $1,058,303,000. Principal Financial Group Inc. grew its position in shares of Extra Space Storage by 6.4% in the third 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Extra Space Storage by 1.8% during the second quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock worth $851,070,000 after purchasing an additional 100,637 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Key Extra Space Storage News

Here are the key news stories impacting Extra Space Storage this week:

• Positive Sentiment: Q4 FFO and revenues beat expectations: FFO of $2.08/share topped consensus (~$2.03–$2.04) and revenue of $857.5M comfortably exceeded estimates, signaling stronger operating performance and cash flow. Extra Space Storage (EXR) Q4 FFO and Revenues Surpass Estimates
• Positive Sentiment: Company raised FY‑2026 guidance sharply: management updated FY26 EPS guidance to $8.05–$8.35 versus the prior consensus near $6.15, implying stronger expected earnings growth and potential upside to valuation if execution continues. FY 2026 Guidance Update
• Positive Sentiment: Solid GAAP and profitability metrics: the PR release showed net income per diluted share of $1.36 for Q4 (up ~9.7% YoY) and the company reported healthy margins and ROE, underscoring resilient fundamentals in a defensive REIT sector. Extra Space Storage Inc. Reports 2025 Fourth Quarter and Year-End Results
• Neutral Sentiment: Analyst consensus remains cautious: recent aggregation shows an average analyst rating of “Hold,” which could limit immediate upside despite the beat and guidance raise until analysts revise estimates and ratings. Extra Space Storage Inc Given Average Rating of “Hold” by Analysts
• Neutral Sentiment: Market previews and coverage noted expectations and context ahead of results; these pieces provide background but did not introduce new negative information. Extra Space Storage Q4 2025 earnings preview

Analyst Ratings Changes

A number of brokerages have commented on EXR. UBS Group decreased their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Morgan Stanley reduced their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Royal Bank Of Canada decreased their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Mizuho upped their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Six 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $144.67.

Extra Space Storage Trading Up 0.9%

NYSE:EXR opened at $146.42 on Friday. The stock’s fifty day moving average price is $138.15 and its two-hundred day moving average price is $138.76. The company has a market cap of $31.08 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $162.77.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data 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 return on equity of 6.56% and a net margin of 28.40%.The company had revenue of $857.47 million for the quarter, compared to the consensus estimate of $732.92 million. During the same quarter last year, the business posted $2.03 earnings per share. The firm’s 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. As a group, analysts expect 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. Shareholders of record on Monday, March 16th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s payout ratio is currently 144.64%.

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.