Barclays PLC Acquires 379,168 Shares of Extra Space Storage Inc $EXR

Barclays PLC lifted its holdings in Extra Space Storage Inc (NYSE:EXR) by 96.1% during the third quarter, Holdings Channel reports. The institutional investor owned 773,852 shares of the real estate investment trust’s stock after acquiring an additional 379,168 shares during the quarter. Barclays PLC’s holdings in Extra Space Storage were worth $109,067,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. increased its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 80 shares during the last quarter. Versant Capital Management Inc lifted its position in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in Extra Space Storage by 2.9% in the third quarter. Prestige Wealth Management Group LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 88 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Extra Space Storage by 10.2% during the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 91 shares during the period. Finally, CX Institutional boosted its stake in Extra Space Storage by 8.7% during the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 95 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Price Performance

Shares of EXR opened at $146.40 on Friday. The firm has a market capitalization of $30.91 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.95 and a beta of 1.24. The firm’s fifty day simple moving average is $142.19 and its 200-day simple moving average is $139.71. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $160.58. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92.

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

Extra Space Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EXR shares. Wells Fargo & Company reduced their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Finally, UBS Group cut their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and an average price target 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.