Universal Beteiligungs und Servicegesellschaft mbH Has $95.50 Million Position in Extra Space Storage Inc (NYSE:EXR)

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Extra Space Storage Inc (NYSE:EXR - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 643,139 shares of the real estate investment trust's stock after purchasing an additional 141,912 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.30% of Extra Space Storage worth $95,500,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in Extra Space Storage by 90.9% in the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Quarry LP boosted its position in shares of Extra Space Storage by 156.1% during the fourth quarter. Quarry LP now owns 356 shares of the real estate investment trust's stock worth $53,000 after buying an additional 217 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Extra Space Storage by 147.0% during the first quarter. Golden State Wealth Management LLC now owns 405 shares of the real estate investment trust's stock worth $60,000 after buying an additional 241 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Extra Space Storage during the fourth quarter worth approximately $62,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Extra Space Storage during the first quarter worth approximately $76,000. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. BNP Paribas upgraded Extra Space Storage to a "hold" rating in a research report on Tuesday, June 24th. BNP Paribas Exane assumed coverage on Extra Space Storage in a research report on Tuesday, June 24th. They set a "neutral" rating and a $156.00 price objective for the company. Benchmark reduced their price objective on Extra Space Storage from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of "Hold" and an average price target of $157.69.

Insider Activity

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total value of $1,127,625.00. Following the transaction, the chief executive officer owned 27,260 shares of the company's stock, valued at approximately $4,098,541. This represents a 21.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Extra Space Storage Price Performance

NYSE:EXR traded down $0.35 during midday trading on Thursday, hitting $150.63. 469,203 shares of the stock were exchanged, compared to its average volume of 1,166,085. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 3.67 and a beta of 1.10. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $184.87. The business has a 50-day moving average price of $149.09 and a two-hundred day moving average price of $148.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.04. The company had revenue of $820.00 million for the quarter, compared to analysts' expectations of $705.12 million. Extra Space Storage had a return on equity of 6.11% and a net margin of 27.84%. The firm's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. Sell-side analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $1.62 dividend. The ex-dividend date was Monday, June 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.30%. Extra Space Storage's dividend payout ratio is currently 150.35%.

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.