Aberdeen Group plc Acquires 4,180 Shares of Extra Space Storage Inc $EXR

Aberdeen Group plc grew its holdings in Extra Space Storage Inc (NYSE:EXR) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 247,473 shares of the real estate investment trust’s stock after acquiring an additional 4,180 shares during the quarter. Aberdeen Group plc owned 0.12% of Extra Space Storage worth $32,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EXR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Extra Space Storage by 900.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after buying an additional 1,969,013 shares during the period. Resolution Capital Ltd increased its stake in Extra Space Storage by 116.2% during the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after acquiring an additional 1,048,685 shares during the period. Russell Investments Group Ltd. increased its stake in Extra Space Storage by 85.7% during the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock valued at $203,160,000 after acquiring an additional 665,204 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Extra Space Storage by 27.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after acquiring an additional 526,163 shares in the last quarter. Finally, Principal Financial Group Inc. raised 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 valued at $946,540,000 after acquiring an additional 406,146 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by company insiders.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $133.94 on Friday. The business’s fifty day moving average is $140.78 and its two-hundred day moving average is $138.57. 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 firm has a market cap of $28.29 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.69 and a beta of 1.26. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its earnings results 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. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million during the quarter, compared to analyst estimates of $732.92 million. During the same period last year, the company posted $2.03 earnings per share. The firm’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. Equities research analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, March 16th. Extra Space Storage’s dividend payout ratio is presently 140.87%.

Wall Street Analysts Forecast Growth

EXR has been the topic of several recent research reports. Royal Bank Of Canada lifted their price objective on 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 restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Finally, Scotiabank boosted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $143.80.

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.