Vanguard Group Inc. Has $4.85 Billion Position in Extra Space Storage Inc $EXR

Vanguard Group Inc. grew its position in Extra Space Storage Inc (NYSE:EXR) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,430,823 shares of the real estate investment trust’s stock after acquiring an additional 161,171 shares during the period. Vanguard Group Inc. owned about 16.22% of Extra Space Storage worth $4,852,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Davis Capital Management bought a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $35,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $37,000. MTM Investment Management LLC bought a new stake in Extra Space Storage in the 2nd quarter valued at $38,000. Finally, Tobam lifted its holdings in Extra Space Storage by 66.1% during the 3rd quarter. Tobam now owns 319 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 127 shares during the last quarter. 99.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXR shares. Evercore reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. UBS Group reduced their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.67.

Extra Space Storage Stock Up 1.0%

Shares of EXR opened at $147.83 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The firm’s 50 day moving average is $137.57 and its 200-day moving average is $138.66. The stock has a market capitalization of $31.38 billion, a PE ratio of 33.00, a P/E/G ratio of 1.76 and a beta of 1.27.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $1.62 dividend. The ex-dividend date is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.4%. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

Extra Space Storage Company 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.