Vaughan Nelson Investment Management L.P. Has $81.21 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 80,945.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 506,533 shares of the real estate investment trust's stock after acquiring an additional 505,908 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.24% of Extra Space Storage worth $81,213,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. lifted its position in shares of Extra Space Storage by 4.5% during the 4th quarter. Whittier Trust Co. now owns 1,656 shares of the real estate investment trust's stock worth $266,000 after purchasing an additional 72 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Extra Space Storage by 5.6% during the 1st quarter. Private Advisor Group LLC now owns 1,404 shares of the real estate investment trust's stock worth $289,000 after purchasing an additional 74 shares during the last quarter. Thomas White International Ltd. lifted its position in shares of Extra Space Storage by 5.9% during the 4th quarter. Thomas White International Ltd. now owns 1,483 shares of the real estate investment trust's stock worth $218,000 after purchasing an additional 83 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Extra Space Storage by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 384 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 100 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Extra Space Storage by 3.3% during the 1st quarter. Horizon Investments LLC now owns 3,578 shares of the real estate investment trust's stock worth $736,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 99.11% of the company's stock.

Extra Space Storage Price Performance

EXR stock traded up $1.80 during midday trading on Friday, reaching $146.32. 946,136 shares of the company's stock traded hands, compared to its average volume of 1,139,124. The company has a 50-day simple moving average of $143.27 and a two-hundred day simple moving average of $136.29. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $165.85. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 3.55 and a beta of 0.74. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.71.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.03 by ($1.01). The business had revenue of $797.77 million for the quarter, compared to analyst estimates of $778.05 million. Extra Space Storage had a net margin of 31.81% and a return on equity of 8.34%. The company's revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 earnings per share. On average, analysts anticipate that Extra Space Storage Inc. will post 8.05 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.43%. Extra Space Storage's dividend payout ratio (DPR) is presently 131.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Extra Space Storage in a research report on Tuesday, January 30th. They set a "hold" rating and a $141.00 price objective for the company. Raymond James reaffirmed an "outperform" rating and issued a $160.00 price target on shares of Extra Space Storage in a report on Thursday, March 28th. The Goldman Sachs Group upped their price target on Extra Space Storage from $168.00 to $187.00 and gave the company a "buy" rating in a report on Thursday, January 11th. StockNews.com cut Extra Space Storage from a "hold" rating to a "sell" rating in a report on Saturday, March 2nd. Finally, Wells Fargo & Company upped their price target on Extra Space Storage from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Extra Space Storage currently has an average rating of "Hold" and a consensus price target of $150.17.

Insider Buying and Selling

In related news, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the sale, the executive vice president now directly owns 37,028 shares of the company's stock, valued at $5,369,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the sale, the executive vice president now directly owns 37,028 shares of the company's stock, valued at $5,369,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Samrat Sondhi sold 2,048 shares of Extra Space Storage stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the transaction, the chief marketing officer now owns 94,126 shares in the company, valued at $13,785,693.96. The disclosure for this sale can be found here. Insiders sold a total of 3,532 shares of company stock valued at $514,819 over the last three months. Company insiders own 1.55% of the company's stock.

About Extra Space Storage

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.