Vanguard Personalized Indexing Management LLC Has $3.30 Million Holdings in Extra Space Storage Inc $EXR

Vanguard Personalized Indexing Management LLC increased its holdings in Extra Space Storage Inc (NYSE:EXR) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,257 shares of the real estate investment trust’s stock after acquiring an additional 2,497 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Extra Space Storage were worth $3,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its holdings in shares of Extra Space Storage by 8.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 934 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 73 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Extra Space Storage by 4.6% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 80 shares during the last quarter. Naviter Wealth LLC raised its holdings in shares of Extra Space Storage by 0.6% in the 1st quarter. Naviter Wealth LLC now owns 13,645 shares of the real estate investment trust’s stock worth $2,007,000 after acquiring an additional 82 shares during the last quarter. Taylor Frigon Capital Management LLC raised its holdings in shares of Extra Space Storage by 0.8% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 12,248 shares of the real estate investment trust’s stock worth $1,819,000 after acquiring an additional 93 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Extra Space Storage by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Wednesday, October 8th. Truist Financial reduced their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a research report on Tuesday, August 19th. Scotiabank reduced their price objective on shares of Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 28th. Evercore ISI upped their price objective on shares of Extra Space Storage from $147.00 to $149.00 and gave the stock a “cautious” rating in a research report on Friday, October 3rd. Finally, Wells Fargo & Company raised shares of Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $148.64.

Extra Space Storage Stock Up 2.0%

Extra Space Storage stock opened at $147.98 on Wednesday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $175.57. The firm has a 50 day moving average price of $141.43 and a 200-day moving average price of $144.35. The company has a market capitalization of $31.41 billion, a P/E ratio of 32.10, a P/E/G ratio of 3.52 and a beta of 1.11. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.88.

Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Extra Space Storage had a net margin of 29.51% and a return on equity of 6.69%. The company had revenue of $841.62 million for the quarter, compared to the consensus estimate of $719.43 million. During the same period in the prior year, the company earned $2.06 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. As a group, equities analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 15th. Extra Space Storage’s dividend payout ratio is currently 140.56%.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the sale, the chief executive officer directly owned 19,760 shares in the company, valued at approximately $2,794,261.60. This represents a 27.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.36% of the company’s stock.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.