Vaughan Nelson Investment Management L.P. Lowers Position in Extra Space Storage Inc $EXR

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Extra Space Storage Inc (NYSE:EXR) by 99.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 625 shares of the real estate investment trust’s stock after selling 131,012 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Extra Space Storage were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EXR. Chung Wu Investment Group LLC purchased a new position in Extra Space Storage during the second quarter worth about $29,000. Davis Capital Management purchased a new stake in Extra Space Storage in the 3rd quarter valued at about $35,000. Elevation Point Wealth Partners LLC bought a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $37,000. MTM Investment Management LLC purchased a new position in shares of Extra Space Storage in the 2nd quarter worth approximately $38,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Extra Space Storage in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Wednesday, October 8th. Mizuho cut their price target on shares of Extra Space Storage from $154.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Truist Financial lowered their price objective on shares of Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $147.00.

Extra Space Storage Stock Down 1.1%

EXR stock opened at $134.00 on Thursday. The stock has a fifty day moving average of $131.54 and a 200-day moving average of $140.05. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $162.77. The company has a market capitalization of $28.44 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The business had revenue of $858.46 million for the quarter, compared to analysts’ expectations of $736.26 million. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, equities research analysts predict that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

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.