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

Aberdeen Group plc increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 247,473 shares of the real estate investment trust’s stock after purchasing an additional 4,180 shares during the quarter. Aberdeen Group plc’s holdings in Extra Space Storage were worth $32,226,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 worth $308,348,000 after purchasing an additional 1,969,013 shares during the period. Resolution Capital Ltd lifted its position in Extra Space Storage by 116.2% during the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Extra Space Storage by 85.7% in the 3rd 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 purchasing an additional 665,204 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 526,163 shares during the last quarter. Finally, Principal Financial Group Inc. grew 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 buying an additional 406,146 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXR. Truist Financial boosted their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. UBS Group reduced their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Scotiabank upped their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Mizuho upped their target price 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. Finally, Wells Fargo & Company cut their price target on 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. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage has an average rating of “Hold” and a consensus price target of $143.80.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Friday, March 13th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Extra Space Storage Price Performance

NYSE EXR opened at $133.94 on Friday. The business has a 50 day simple moving average of $140.78 and a 200 day simple moving average of $138.57. Extra Space Storage Inc has a 52-week low of $121.03 and a 52-week high of $155.19. 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 $28.29 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.69 and a beta of 1.26.

Extra Space Storage (NYSE:EXR) last announced its quarterly 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. The firm had revenue of $857.47 million for the quarter, compared to analyst estimates 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 firm posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, March 16th. Extra Space Storage’s payout ratio is currently 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.