Universal Beteiligungs und Servicegesellschaft mbH Sells 42,804 Shares of Extra Space Storage Inc $EXR

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of Extra Space Storage Inc (NYSE:EXR) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 522,569 shares of the real estate investment trust’s stock after selling 42,804 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Extra Space Storage were worth $73,651,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in Extra Space Storage by 32.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock valued at $3,416,000 after acquiring an additional 5,870 shares in the last quarter. Ethic Inc. lifted its stake in shares of Extra Space Storage by 298.0% during the 3rd quarter. Ethic Inc. now owns 22,441 shares of the real estate investment trust’s stock worth $3,163,000 after purchasing an additional 16,802 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Extra Space Storage by 16.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 118,675 shares of the real estate investment trust’s stock worth $17,497,000 after purchasing an additional 16,897 shares during the last quarter. AlphaCore Capital LLC boosted its position in Extra Space Storage by 53.5% during the second quarter. AlphaCore Capital LLC now owns 5,077 shares of the real estate investment trust’s stock valued at $749,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Vanderbilt University grew its stake in Extra Space Storage by 83.9% in the third quarter. Vanderbilt University now owns 16,980 shares of the real estate investment trust’s stock valued at $2,393,000 after purchasing an additional 7,749 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $145.57 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day moving average of $133.51 and a 200 day moving average of $139.64. The firm has a market capitalization of $30.90 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $162.77.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The business had revenue of $858.46 million for the quarter, compared to analyst estimates of $736.26 million. During the same period in the prior year, the company earned $2.07 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, research analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s payout ratio is presently 144.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXR. UBS Group decreased their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $164.00 target price on shares of Extra Space Storage in a research note on Tuesday, January 13th. Finally, Morgan Stanley reduced their target price on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $146.53.

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.