Russell Investments Group Ltd. Has $203.16 Million Stock Holdings in Extra Space Storage Inc $EXR

Key Points

• Russell Investments Group Ltd. raised its stake in Extra Space Storage by 85.7% to 1,441,444 shares (about $203.16 million), representing roughly 0.68% of the company.
• Q4 results beat: EXR reported EPS of $2.08 vs. $2.03 expected and revenue of $857.47M vs. $732.92M, and set FY2026 guidance of $8.05–$8.35 (analysts forecast ~8.1 EPS).
• Extra Space Storage declared a quarterly dividend of $1.62 (annualized $6.48) for a yield of ~4.4%, although the payout ratio is elevated at 140.87%.

Russell Investments Group Ltd. raised its position in Extra Space Storage Inc (NYSE:EXR - Free Report) by 85.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,441,444 shares of the real estate investment trust's stock after acquiring an additional 665,204 shares during the period. Russell Investments Group Ltd. owned about 0.68% of Extra Space Storage worth $203,160,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EXR. Avalon Trust Co bought a new stake in shares of Extra Space Storage in the third quarter worth $28,000. Versant Capital Management Inc boosted its holdings in Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 80 shares during the last quarter. Davis Capital Management bought a new position in Extra Space Storage in the third quarter valued at $35,000. Elevation Point Wealth Partners LLC bought a new position in Extra Space Storage in the second quarter valued at $37,000. Finally, MTM Investment Management LLC acquired a new stake in Extra Space Storage in the 2nd quarter valued at $38,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

Shares of EXR opened at $146.40 on Monday. The firm has a 50-day moving average of $142.19 and a 200-day moving average of $139.71. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $160.58. The company has a market cap of $30.91 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The company had revenue of $857.47 million for the quarter, compared to analysts' expectations of $732.92 million. During the same period in the prior year, the firm earned $2.03 EPS. Extra Space Storage'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. As a group, equities analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company cut 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 report on Thursday, February 5th. Morgan Stanley decreased their price objective on Extra Space Storage from $155.00 to $152.00 and set an "equal weight" rating for the company in a report on Friday, December 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Truist Financial increased their price target on Extra Space Storage from $142.00 to $146.00 and gave the company a "hold" rating in a research report on Tuesday, January 20th. Finally, Mizuho raised their price target on Extra Space Storage from $137.00 to $143.00 and gave the company an "outperform" rating in a research note on Monday, January 12th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $145.13.

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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