Extra Space Storage Inc $EXR Shares Acquired by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

Posted by George Bondi on Oct 29th, 2026

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its holdings in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) by 40.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,418 shares of the real estate investment trust’s stock after buying an additional 4,989 shares during the period. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Extra Space Storage were worth $2,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXR. North Dakota State Investment Board grew its holdings in shares of Extra Space Storage by 2.5% during the third quarter. North Dakota State Investment Board now owns 6,419 shares of the real estate investment trust’s stock valued at $844,000 after purchasing an additional 155 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Extra Space Storage by 2.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 402,059 shares of the real estate investment trust’s stock worth $52,875,000 after purchasing an additional 8,118 shares during the period. Aegis Wealth Management Inc. raised its position in shares of Extra Space Storage by 2.7% during the 3rd quarter. Aegis Wealth Management Inc. now owns 5,516 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 144 shares during the period. Peterson Wealth Services raised its position in shares of Extra Space Storage by 10.5% during the 3rd quarter. Peterson Wealth Services now owns 4,865 shares of the real estate investment trust’s stock worth $640,000 after purchasing an additional 461 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Extra Space Storage by 6.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 4,248 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

NYSE EXR opened at $144.85 on Thursday. Extra Space Storage Inc has a 52 week low of $125.71 and a 52 week high of $158.88. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a market cap of $30.60 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 4.25 and a beta of 1.15. The company has a 50-day moving average price of $138.44 and a two-hundred day moving average price of $142.25.

Extra Space Storage (NYSE:EXR – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.93). The firm had revenue of $889.79 million during the quarter, compared to analyst estimates of $886.61 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. Extra Space Storage’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 EPS. Analysts forecast that Extra Space Storage Inc will post 8.34 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is 143.05%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets raised Extra Space Storage from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $160.00 to $170.00 in a report on Thursday, August 27th. Raymond James Financial began coverage on Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price objective for the company. Wells Fargo & Company dropped their target price on Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 1st. UBS Group cut their target price on Extra Space Storage from $163.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Finally, Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage has a consensus rating of “Moderate Buy” and an average price target of $148.67.

Get Our Latest Report on Extra Space Storage

Key Extra Space Storage News

Here are the key news stories impacting Extra Space Storage this week:

Positive Sentiment: Core FFO beat expectations: Third-quarter core FFO was $2.17 per share, above the $2.10 consensus estimate and up from $2.08 a year earlier. Revenue of $889.8 million also exceeded forecasts of $886.6 million. Extra Space Storage Beats Q3 FFO and Revenue Estimates
Positive Sentiment: Same-store fundamentals improved: Same-store net operating income rose 4.6%, supported by a 2.7% increase in revenue and a 1.8% decline in expenses. Management raised its 2026 core FFO and same-store NOI growth outlook, providing a positive catalyst for the stock. EXR Q3 Core FFO Improves on Strong Same-Store NOI
Positive Sentiment: Capital returns supported sentiment: Extra Space repurchased approximately 2.4 million shares for $327.1 million during the quarter and authorized an additional $500 million buyback. Evercore ISI also raised its price target to $146 from $142. Evercore ISI Adjusts Price Target on Extra Space Storage
Neutral Sentiment: Noah Springer is scheduled to succeed retiring CEO Joe Margolis on January 1, 2027. The transition appears planned, but investors may monitor execution under the new leadership. Extra Space Storage Reports 2026 Third Quarter Results
Negative Sentiment: Valuation and GAAP results remain concerns: Reported EPS of $1.17 missed the $2.10 analyst estimate, although the comparison was affected by real-estate-related items. Analysts also argue that slower 2%–4% AFFO growth, elevated interest rates and limited pricing power make EXR’s valuation difficult to justify. Extra Space Storage Better Results Still Not a Buy

About Extra Space Storage

(Free Report)

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.