Schroder Investment Management Group Has $50.29 Million Stock Position in Extra Space Storage Inc $EXR

Schroder Investment Management Group lifted its stake in Extra Space Storage Inc (NYSE:EXR) by 1,633.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,515 shares of the real estate investment trust’s stock after purchasing an additional 335,006 shares during the period. Schroder Investment Management Group’s holdings in Extra Space Storage were worth $50,288,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Avalon Trust Co bought a new stake in Extra Space Storage in the third quarter valued at about $28,000. Versant Capital Management Inc boosted its holdings in Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Davis Capital Management acquired a new position in shares of Extra Space Storage during the 3rd quarter worth about $35,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at about $37,000. Finally, MTM Investment Management LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at about $38,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research note on Thursday, February 5th. Mizuho lifted their price target 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. Royal Bank Of Canada boosted their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.13.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $146.75 on Wednesday. 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 52 week low of $121.03 and a 52 week high of $155.82. The company’s 50 day moving average price is $142.81 and its two-hundred day moving average price is $139.79. The company has a market capitalization of $30.99 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating 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 analysts’ expectations of $732.92 million. During the same quarter in the prior year, the company earned $2.03 earnings per share. The business’s quarterly 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. On average, analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio is 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.