Vert Asset Management LLC Buys 6,571 Shares of Extra Space Storage Inc $EXR

Vert Asset Management LLC grew its stake in Extra Space Storage Inc (NYSE:EXR) by 6.8% during the fourth quarter, HoldingsChannel reports. The firm owned 103,492 shares of the real estate investment trust’s stock after purchasing an additional 6,571 shares during the quarter. Extra Space Storage comprises approximately 4.5% of Vert Asset Management LLC’s portfolio, making the stock its 8th biggest holding. Vert Asset Management LLC’s holdings in Extra Space Storage were worth $13,477,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EXR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Extra Space Storage by 900.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after purchasing an additional 1,969,013 shares during the period. Resolution Capital Ltd increased its holdings in shares of Extra Space Storage by 116.2% in the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Extra Space Storage by 85.7% in the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock valued at $203,160,000 after purchasing an additional 665,204 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Extra Space Storage by 27.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock valued at $340,152,000 after purchasing an additional 526,163 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 406,146 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

NYSE EXR opened at $145.30 on Monday. The business has a fifty day moving average of $140.88 and a 200-day moving average of $138.49. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The stock has a market cap of $30.69 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.92 and a beta of 1.26. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

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

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $1.62 per share. The ex-dividend date was Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s dividend payout ratio is currently 140.87%.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares in the company, valued at $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EXR shares. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Wells Fargo & Company decreased their price target on Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating on the stock in a research note on Thursday. Scotiabank lifted their price target on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their price target on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average target price of $143.67.

Extra Space Storage Profile

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.