Capital World Investors Has $1.01 Billion Position in Extra Space Storage Inc $EXR

Key Points

• Capital World Investors increased its stake in Extra Space Storage to 7,161,360 shares (3.37% of the company), valued at about $1.01 billion after adding 33,622 shares in Q3.
• Extra Space Storage beat quarterly expectations with $2.08 EPS vs $2.03 consensus and revenue of $857.5M vs $732.9M, and set FY2026 guidance of 8.05–8.35 EPS (analysts average ~8.1).
• The REIT announced a quarterly dividend of $1.62 (annualized $6.48, ~4.4% yield) and has a MarketBeat consensus rating of "Hold" with a target price of $145.13.

Capital World Investors grew its holdings in Extra Space Storage Inc (NYSE:EXR - Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,161,360 shares of the real estate investment trust's stock after acquiring an additional 33,622 shares during the quarter. Capital World Investors owned 3.37% of Extra Space Storage worth $1,009,371,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust's stock worth $4,852,680,000 after purchasing an additional 161,171 shares in the last quarter. State Street Corp raised its position in Extra Space Storage by 1.6% during the 2nd quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust's stock worth $2,017,006,000 after purchasing an additional 210,466 shares during the last quarter. Norges Bank acquired a new position in shares of Extra Space Storage in the second quarter worth approximately $1,058,303,000. Principal Financial Group Inc. lifted its position in shares of 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 worth $946,540,000 after purchasing an additional 406,146 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Extra Space Storage by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust's stock valued at $851,070,000 after buying an additional 100,637 shares during the period. Institutional investors own 99.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on Extra Space Storage from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 5th. Scotiabank increased their price target on Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a report on Monday, March 2nd. Truist Financial lifted their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a "hold" rating in a research note on Tuesday, January 20th. Bank of America downgraded shares of Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 target price on the stock. in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a "sector perform" rating in a research note on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $145.13.

Extra Space Storage Price Performance

EXR opened at $146.75 on Wednesday. The firm has a 50-day moving average of $142.81 and a 200 day moving average of $139.79. 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 Inc has a fifty-two week low of $121.03 and a fifty-two week high of $155.82. The firm has a market cap of $30.99 billion, a P/E ratio of 31.90, a PEG ratio of 2.94 and a beta of 1.24.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results 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. 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 the consensus estimate of $732.92 million. During the same quarter in the prior year, the company earned $2.03 EPS. 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. On average, research analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage's dividend payout ratio (DPR) is presently 140.87%.

Extra Space Storage Company 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.

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