Schroder Investment Management Group Has $50.29 Million Stock Position in Extra Space Storage Inc $EXR

Key Points

• Schroder Investment Management Group raised its stake in Extra Space Storage by 1,633.5% in Q3 to 355,515 shares (about $50.29M), representing roughly 0.17% of the company.
• Analysts are mixed with a consensus rating of Hold and a consensus target price of $145.13 (5 Buy, 10 Hold, 1 Sell), while several firms have recently trimmed or lifted price targets in the ~$137–$160 range.
• Extra Space Storage beat quarterly expectations (EPS $2.08 vs $2.03; revenue $857.5M vs $732.9M) set FY2026 EPS guidance at 8.05–8.35, and announced a $1.62 quarterly dividend (annual $6.48, ~4.4% yield) with a payout ratio near 141%.

Schroder Investment Management Group raised its position in Extra Space Storage Inc (NYSE:EXR - Free Report) by 1,633.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,515 shares of the real estate investment trust's stock after buying an additional 335,006 shares during the period. Schroder Investment Management Group owned 0.17% of Extra Space Storage worth $50,288,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust's stock valued at $506,000 after acquiring an additional 291 shares during the last quarter. Empowered Funds LLC grew its position in Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust's stock worth $729,000 after acquiring an additional 661 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Extra Space Storage during the 2nd quarter worth approximately $457,000. Vestmark Advisory Solutions Inc. increased its holdings in Extra Space Storage by 43.4% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 6,759 shares of the real estate investment trust's stock valued at $997,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Extra Space Storage in the 2nd quarter valued at $372,000. 99.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on EXR shares. Morgan Stanley decreased their target price on Extra Space Storage from $155.00 to $152.00 and set an "equal weight" rating on the stock in a report on Friday, December 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Truist Financial increased their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a "hold" rating in a report on Tuesday, January 20th. Wells Fargo & Company lowered their price objective on shares of Extra Space Storage from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, February 5th. Finally, Mizuho boosted their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an "outperform" rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $145.13.

Extra Space Storage Price Performance

Shares of EXR stock opened at $146.75 on Wednesday. The firm has a market cap of $30.99 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.94 and a beta of 1.24. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $155.82. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $142.81 and a 200 day moving average price of $139.79.

Extra Space Storage (NYSE:EXR - Get Free Report) last released 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. The company had revenue of $857.47 million for 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 period in the prior year, the company posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. 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 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 of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage's dividend payout ratio (DPR) is presently 140.87%.

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.

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