Extra Space Storage Inc. (NYSE:EXR) Holdings Raised by Vanderbilt University

Vanderbilt University lifted its stake in Extra Space Storage Inc. (NYSE:EXR) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,528 shares of the real estate investment trust’s stock after acquiring an additional 220 shares during the quarter. Vanderbilt University’s holdings in Extra Space Storage were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EXR. Money Concepts Capital Corp increased its position in Extra Space Storage by 4.3% in the 4th quarter. Money Concepts Capital Corp now owns 5,065 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 209 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Extra Space Storage by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,583 shares of the real estate investment trust’s stock valued at $5,112,000 after buying an additional 1,531 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Extra Space Storage by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 168,459 shares of the real estate investment trust’s stock worth $25,201,000 after buying an additional 695 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in Extra Space Storage by 23.5% during the fourth quarter. E. Ohman J or Asset Management AB now owns 10,500 shares of the real estate investment trust’s stock valued at $1,571,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Tempus Wealth Planning LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at approximately $554,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Trading Up 2.0 %

Shares of EXR opened at $155.00 on Thursday. The stock’s 50-day moving average price is $154.06 and its 200 day moving average price is $164.39. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $32.86 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 7.67 and a beta of 0.91. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, December 16th. Extra Space Storage’s payout ratio is 169.63%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXR. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price objective for the company in a research note on Friday, January 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Truist Financial upped their price target on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Barclays dropped their price objective on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and an average price target of $174.00.

Insider Activity

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diane Olmstead sold 3,081 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $164.56, for a total transaction of $507,009.36. Following the sale, the director now owns 5,877 shares of the company’s stock, valued at $967,119.12. This trade represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

About Extra Space Storage

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.