Vanguard Personalized Indexing Management LLC Has $2.40 Million Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,844 shares of the real estate investment trust’s stock after buying an additional 2,438 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Extra Space Storage were worth $2,396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Extra Space Storage during the 2nd quarter worth approximately $25,000. Creekmur Asset Management LLC acquired a new position in shares of Extra Space Storage in the 4th quarter worth approximately $26,000. Centerpoint Advisors LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth about $27,000. Blue Trust Inc. increased its stake in shares of Extra Space Storage by 540.5% in the 2nd quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Extra Space Storage by 2,760.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 286 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James increased their target price on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Truist Financial upped their target price on shares of Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Jefferies Financial Group raised Extra Space Storage from a “hold” rating to a “buy” rating and increased their price objective for the company from $162.00 to $204.00 in a research note on Wednesday. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $172.00 to $155.00 in a research report on Monday, August 5th. Finally, Citigroup decreased their target price on shares of Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.93.

Extra Space Storage Trading Up 0.2 %

NYSE:EXR opened at $180.41 on Friday. The company has a market capitalization of $38.20 billion, a PE ratio of 40.18, a P/E/G ratio of 2.56 and a beta of 0.86. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $184.87. The stock’s 50 day moving average price is $170.03 and its 200 day moving average price is $154.68. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.76.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.59%. The ex-dividend date is Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

Insider Activity at Extra Space Storage

In related news, EVP William N. Springer sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total value of $350,660.00. Following the sale, the executive vice president now owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP William N. Springer sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total transaction of $350,660.00. Following the completion of the sale, the executive vice president now directly owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $152.58, for a total value of $1,144,350.00. Following the completion of the sale, the chief executive officer now directly owns 31,690 shares of the company’s stock, valued at approximately $4,835,260.20. The disclosure for this sale can be found here. Insiders sold 18,970 shares of company stock worth $3,172,757 over the last 90 days. Company insiders own 1.36% of the company’s stock.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.