Vanguard Group Inc. Boosts Stock Holdings in Extra Space Storage Inc $EXR

Vanguard Group Inc. grew its position in shares of Extra Space Storage Inc (NYSE:EXR) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,506,450 shares of the real estate investment trust’s stock after purchasing an additional 75,627 shares during the quarter. Vanguard Group Inc. owned approximately 0.16% of Extra Space Storage worth $4,493,430,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in 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 worth $1,960,599,000 after acquiring an additional 230,697 shares in the last quarter. Capital World Investors increased its holdings in 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 worth $1,009,371,000 after acquiring an additional 33,622 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 worth $946,540,000 after acquiring an additional 406,146 shares in the last quarter. Capital International Investors increased its holdings in 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 worth $507,065,000 after acquiring an additional 35,752 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Extra Space Storage by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,114,662 shares of the real estate investment trust’s stock worth $438,985,000 after acquiring an additional 59,266 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Trading Down 1.7%

NYSE EXR opened at $139.61 on Tuesday. The firm’s 50-day moving average is $140.79 and its two-hundred day moving average is $138.51. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $29.49 billion, a P/E ratio of 30.35, a PEG ratio of 2.85 and a beta of 1.26.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating 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 company had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter in the prior year, the company posted $2.03 earnings per share. Extra Space Storage’s revenue for the quarter 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, sell-side analysts anticipate that Extra Space Storage Inc will post 8.24 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s dividend payout ratio is presently 140.87%.

Analyst Ratings Changes

EXR has been the subject of several recent analyst reports. UBS Group cut their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada upped their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Barclays upped their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, Scotiabank upped their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average price target of $143.67.

Insider Buying and Selling

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 value of $1,065,600.00. Following the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

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.