Vanderbilt University Trims Holdings in Extra Space Storage Inc $EXR

Vanderbilt University reduced its position in shares of Extra Space Storage Inc (NYSE:EXR) by 45.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,131 shares of the real estate investment trust’s stock after selling 7,570 shares during the period. Vanderbilt University’s holdings in Extra Space Storage were worth $1,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avalon Trust Co acquired a new position in shares of Extra Space Storage in the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the third quarter worth approximately $28,000. Reflection Asset Management purchased a new stake in Extra Space Storage in the 4th quarter worth approximately $26,000. Rosenberg Matthew Hamilton grew its stake in Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares during the period. Finally, DV Equities LLC acquired a new position in Extra Space Storage in the 4th quarter valued at $39,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Down 1.3%

Shares of EXR opened at $145.86 on Thursday. Extra Space Storage Inc has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. The company’s fifty day moving average is $143.83 and its two-hundred day moving average is $140.28. The firm has a market cap of $30.81 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 4.58 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter in the previous year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Analysts forecast that Extra Space Storage Inc will post 8.26 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s payout ratio is currently 145.29%.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial increased their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Wells Fargo & Company upped their target price on Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho increased their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.07.

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.