Vert Asset Management LLC Buys 3,521 Shares of Extra Space Storage Inc $EXR

Vert Asset Management LLC grew its stake in Extra Space Storage Inc (NYSE:EXR) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,921 shares of the real estate investment trust’s stock after buying an additional 3,521 shares during the quarter. Extra Space Storage accounts for about 4.6% of Vert Asset Management LLC’s portfolio, making the stock its 9th largest holding. Vert Asset Management LLC’s holdings in Extra Space Storage were worth $13,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EXR. Chung Wu Investment Group LLC acquired a new stake in Extra Space Storage during the second quarter worth about $29,000. Versant Capital Management Inc boosted its position in Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. Davis Capital Management acquired a new stake in shares of Extra Space Storage during the 3rd quarter worth approximately $35,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Extra Space Storage during the 2nd quarter valued at approximately $37,000. Finally, MTM Investment Management LLC acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

EXR traded down $2.18 during trading on Tuesday, reaching $146.69. The company’s stock had a trading volume of 88,634 shares, compared to its average volume of 1,335,041. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.75 and a beta of 1.27. The firm has a fifty day simple moving average of $133.28 and a two-hundred day simple moving average of $139.69. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year 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.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $858.46 million during the quarter, compared to analysts’ expectations of $736.26 million. During the same quarter last year, the firm earned $2.07 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s payout ratio is currently 144.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. Truist Financial raised their target price on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Tuesday. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, UBS Group dropped their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $146.53.

About Extra Space Storage

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.