Barclays PLC Has $109.07 Million Stock Position in Extra Space Storage Inc $EXR

Barclays PLC lifted its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 96.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 773,852 shares of the real estate investment trust’s stock after acquiring an additional 379,168 shares during the period. Barclays PLC owned approximately 0.36% of Extra Space Storage worth $109,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in 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 valued at $83,052,000 after purchasing an additional 162,773 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 worth $946,540,000 after purchasing an additional 406,146 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Extra Space Storage by 19.4% in the third quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after purchasing an additional 30,983 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Extra Space Storage by 6.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock valued at $17,982,000 after buying an additional 7,831 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Extra Space Storage by 32.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock valued at $3,416,000 after buying an additional 5,870 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $146.40 on Friday. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $160.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $30.91 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.24. The firm’s fifty day moving average price is $142.19 and its 200-day moving average price is $139.71.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities research analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EXR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. UBS Group lowered their target price 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. Mizuho raised their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a report on Thursday, February 5th. Finally, Scotiabank upped their price objective 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. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.13.

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.