First Eagle Investment Management LLC Buys 974,804 Shares of Extra Space Storage Inc $EXR

First Eagle Investment Management LLC lifted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,552,053 shares of the real estate investment trust’s stock after acquiring an additional 974,804 shares during the quarter. First Eagle Investment Management LLC’s holdings in Extra Space Storage were worth $332,328,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cibc World Market Inc. lifted its position in shares of Extra Space Storage by 19.4% during the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock worth $26,900,000 after purchasing an additional 30,983 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Extra Space Storage by 38.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock worth $83,052,000 after purchasing an additional 162,773 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Extra Space Storage by 6.4% during 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 purchasing an additional 406,146 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Extra Space Storage by 6.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock worth $17,982,000 after purchasing an additional 7,831 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Extra Space Storage by 28.4% during the 3rd quarter. Metis Global Partners LLC now owns 54,950 shares of the real estate investment trust’s stock worth $7,745,000 after purchasing an additional 12,145 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Activity

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

Extra Space Storage Trading Up 0.9%

Extra Space Storage stock opened at $144.60 on Tuesday. The business has a 50 day moving average price of $139.83 and a two-hundred day moving average price of $138.15. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock has a market cap of $30.55 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 4.66 and a beta of 1.22. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts forecast that Extra Space Storage Inc will post 8.23 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $1.62 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s dividend payout ratio is 145.29%.

Analysts Set New Price Targets

Several research firms recently weighed in on EXR. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a research report on Thursday, February 5th. Truist Financial dropped their target price 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. Mizuho boosted their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Tuesday, April 21st. Finally, Scotiabank boosted 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 research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.93.

About Extra Space Storage

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.