Vanderbilt University Sells 8,102 Shares of Extra Space Storage Inc $EXR

Vanderbilt University lessened its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 46.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,231 shares of the real estate investment trust’s stock after selling 8,102 shares during the quarter. Vanderbilt University’s holdings in Extra Space Storage were worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXR. Wealth Enhancement Advisory Services LLC raised its position in Extra Space Storage by 36.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,629 shares of the real estate investment trust’s stock valued at $2,338,000 after acquiring an additional 4,183 shares in the last quarter. Merit Financial Group LLC raised its position in Extra Space Storage by 190.9% during the first quarter. Merit Financial Group LLC now owns 9,089 shares of the real estate investment trust’s stock valued at $1,350,000 after acquiring an additional 5,965 shares in the last quarter. Vert Asset Management LLC grew its holdings in Extra Space Storage by 6.2% during the first quarter. Vert Asset Management LLC now owns 99,270 shares of the real estate investment trust’s stock valued at $14,741,000 after purchasing an additional 5,797 shares during the last quarter. Courier Capital LLC grew its holdings in Extra Space Storage by 2.4% during the first quarter. Courier Capital LLC now owns 9,800 shares of the real estate investment trust’s stock valued at $1,455,000 after purchasing an additional 229 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Extra Space Storage by 24.3% during the first quarter. Farther Finance Advisors LLC now owns 1,464 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.2%

Shares of EXR stock opened at $141.39 on Friday. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $177.67. The firm’s fifty day simple moving average is $141.50 and its 200 day simple moving average is $144.48. The firm has a market capitalization of $30.01 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The company had revenue of $841.62 million for the quarter, compared to the consensus estimate of $719.43 million. During the same period last year, the firm posted $2.06 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. As a group, sell-side 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. Investors of record on Monday, September 15th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s payout ratio is 140.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Extra Space Storage from $160.00 to $162.00 and gave the company a “neutral” rating in a report on Friday, June 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $146.00 price target (down previously from $169.00) on shares of Extra Space Storage in a report on Thursday, August 21st. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Scotiabank lowered their price target on Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. Finally, BNP Paribas upgraded Extra Space Storage to a “hold” rating in a report on Tuesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.50.

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.