Van ECK Associates Corp Has $16 Million Position in Extra Space Storage Inc $EXR

Key Points

• VanEck increased its stake in Extra Space Storage by 9.4% to 113,532 shares, a position worth about $16.0 million, and institutional investors now own roughly 99.11% of the company.
• Extra Space Storage beat quarterly estimates (EPS $2.08 vs. $2.03; revenue $857.5M vs. $732.9M) and set FY2026 guidance of $8.05–$8.35 EPS; the company also announced a $1.62 quarterly dividend (4.6% yield) though its payout ratio is high at 140.87%.
• Analysts are mixed but generally cautious: the consensus rating is Hold with an average target of $145.13 (five Buys, ten Holds, one Sell) and several recent modest price-target revisions.

Van ECK Associates Corp increased its stake in Extra Space Storage Inc (NYSE:EXR - Free Report) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,532 shares of the real estate investment trust's stock after purchasing an additional 9,740 shares during the period. Van ECK Associates Corp owned 0.05% of Extra Space Storage worth $16,001,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Extra Space Storage by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust's stock valued at $4,852,680,000 after buying an additional 161,171 shares during the last quarter. State Street Corp raised its position in shares of Extra Space Storage by 1.6% during the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust's stock worth $2,017,006,000 after acquiring an additional 210,466 shares during the last quarter. Norges Bank acquired a new position in shares of Extra Space Storage during the second quarter valued at $1,058,303,000. Capital World Investors lifted its stake in shares of Extra Space Storage by 0.5% during the third quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust's stock valued at $1,009,371,000 after acquiring an additional 33,622 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Extra Space Storage by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust's stock valued at $946,540,000 after acquiring an additional 406,146 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on EXR shares. Truist Financial lifted their price objective on Extra Space Storage from $142.00 to $146.00 and gave the stock a "hold" rating in a research report on Tuesday, January 20th. Morgan Stanley reduced their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Friday, December 5th. Mizuho lifted their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an "outperform" rating in a research report on Monday, January 12th. Scotiabank boosted their price target on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $145.13.

Extra Space Storage Trading Up 0.6%

NYSE:EXR traded up $0.86 during mid-day trading on Friday, hitting $141.04. The company had a trading volume of 140,979 shares, compared to its average volume of 1,354,465. 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 $155.19. The firm has a market cap of $29.78 billion, a P/E ratio of 30.63, a P/E/G ratio of 2.85 and a beta of 1.24. The business's fifty day moving average is $143.22 and its two-hundred day moving average is $139.80.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.05. The company had revenue of $857.47 million during the quarter, compared to analysts' expectations of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, research analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently announced 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. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage's dividend payout ratio 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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