Universal Beteiligungs und Servicegesellschaft mbH Sells 77,766 Shares of Extra Space Storage Inc $EXR

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 565,373 shares of the real estate investment trust’s stock after selling 77,766 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.27% of Extra Space Storage worth $83,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXR. Signaturefd LLC raised its holdings in Extra Space Storage by 11.8% in the 1st quarter. Signaturefd LLC now owns 1,168 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 123 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in Extra Space Storage in the first quarter valued at about $207,000. IFP Advisors Inc lifted its position in Extra Space Storage by 1,376.5% during the first quarter. IFP Advisors Inc now owns 1,698 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 1,583 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Extra Space Storage by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,363 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 678 shares during the period. Finally, RD Lewis Holdings Inc. raised its holdings in Extra Space Storage by 2.0% in the 1st quarter. RD Lewis Holdings Inc. now owns 12,372 shares of the real estate investment trust’s stock valued at $1,850,000 after buying an additional 238 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total value of $1,060,575.00. Following the sale, the chief executive officer owned 19,760 shares of the company’s stock, valued at approximately $2,794,261.60. The trade was a 27.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXR shares. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Wednesday, October 8th. Wells Fargo & Company raised Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research note on Tuesday, August 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $146.00 target price (down previously from $169.00) on shares of Extra Space Storage in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada dropped their price target on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus target price of $148.36.

Extra Space Storage Stock Down 0.4%

EXR traded down $0.48 during midday trading on Monday, reaching $132.44. 48,851 shares of the company were exchanged, compared to its average volume of 1,163,906. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $175.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average price is $141.77 and its 200 day moving average price is $144.68. The company has a market cap of $28.11 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The business had revenue of $858.46 million during the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a return on equity of 6.53% and a net margin of 28.40%.Extra Space Storage’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

Extra Space Storage 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.