Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Extra Space Storage Inc $EXR

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm 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 owned 0.25% of Extra Space Storage worth $73,651,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vert Asset Management LLC grew its stake in shares of Extra Space Storage by 3.8% during the 3rd quarter. Vert Asset Management LLC now owns 96,921 shares of the real estate investment trust’s stock valued at $13,660,000 after acquiring an additional 3,521 shares during the period. Jackson Thornton Wealth Management LLC bought a new stake in shares of Extra Space Storage during the 3rd quarter valued at $290,000. QTR Family Wealth LLC lifted its stake in shares of Extra Space Storage by 18.1% during the 3rd quarter. QTR Family Wealth LLC now owns 1,641 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 251 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Extra Space Storage by 12.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 15,046 shares of the real estate investment trust’s stock worth $2,121,000 after buying an additional 1,653 shares during the period. Finally, Allstate Corp increased its stake in Extra Space Storage by 170.4% in the 3rd quarter. Allstate Corp now owns 13,018 shares of the real estate investment trust’s stock worth $1,835,000 after buying an additional 8,204 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $145.57 on Wednesday. The firm has a fifty day simple moving average of $133.51 and a two-hundred day simple moving average of $139.64. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $162.77. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $30.90 billion, a P/E ratio of 32.49, a PEG ratio of 2.75 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The firm had revenue of $858.46 million during the quarter, compared to the consensus estimate of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. On average, analysts expect that Extra Space Storage Inc will post 8.1 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 Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $1.62 dividend. The ex-dividend date was Monday, December 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. Extra Space Storage’s payout ratio is 144.64%.

Analysts Set New Price Targets

EXR has been the topic of several research analyst reports. UBS Group lowered their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Royal Bank Of Canada cut their price objective on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Morgan Stanley cut their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Finally, Evercore ISI reiterated a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and a consensus target price 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.