Russell Investments Group Ltd. Acquires 665,204 Shares of Extra Space Storage Inc $EXR

Russell Investments Group Ltd. raised its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 85.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,441,444 shares of the real estate investment trust’s stock after purchasing an additional 665,204 shares during the quarter. Russell Investments Group Ltd.’s holdings in Extra Space Storage were worth $203,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXR. Avalon Trust Co acquired a new position in shares of Extra Space Storage in the third quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of Extra Space Storage by 60.2% during the 3rd 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 stake 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 during the 2nd quarter worth about $37,000. Finally, MTM Investment Management LLC bought a new stake in shares of Extra Space Storage during the 2nd quarter worth about $38,000. 99.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Royal Bank Of Canada upped their target price on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Truist Financial increased their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Finally, Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a report on Thursday, February 5th. Five investment 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’s stock. According to MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and a consensus price target of $145.13.

Extra Space Storage Trading Down 0.7%

EXR stock opened at $146.40 on Monday. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $160.58. The company has a market capitalization of $30.91 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.24. The company’s 50-day simple moving average is $142.19 and its 200 day simple moving average is $139.71. 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 (NYSE:EXR) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s payout ratio is presently 140.87%.

Extra Space Storage 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.