Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Extra Space Storage Inc $EXR

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 565,267 shares of the real estate investment trust’s stock after buying an additional 42,698 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Extra Space Storage were worth $74,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Extra Space Storage by 900.0% during the 3rd 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 raised its stake in 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 worth $287,632,000 after buying an additional 1,048,685 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Extra Space Storage by 85.7% during the third quarter. Russell Investments Group Ltd. now owns 1,441,444 shares of the real estate investment trust’s stock worth $203,160,000 after buying an additional 665,204 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Extra Space Storage by 27.9% during the 3rd 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 acquiring an additional 526,163 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Extra Space Storage by 6.4% in the 3rd 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 acquiring an additional 406,146 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Trading Down 1.7%

Shares of NYSE:EXR opened at $141.18 on Thursday. The business’s 50-day moving average is $141.04 and its 200 day moving average is $138.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. Extra Space Storage Inc has a 1 year low of $125.71 and a 1 year high of $155.19. The firm has a market capitalization of $29.82 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.88 and a beta of 1.26.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. During the same quarter last year, the company earned $2.03 earnings per share. The company’s quarterly revenue 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. On average, research analysts predict that Extra Space Storage Inc will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, March 16th. Extra Space Storage’s payout ratio is currently 140.87%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXR. Wells Fargo & Company decreased their price objective on Extra Space Storage from $150.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a report on Thursday, February 5th. Truist Financial increased their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $143.67.

About Extra Space Storage

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.