Vanguard Personalized Indexing Management LLC Purchases 2,438 Shares of Extra Space Storage Inc. (NYSE:EXR)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV boosted its position in Extra Space Storage by 8.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,599 shares of the real estate investment trust’s stock worth $568,000 after acquiring an additional 270 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Extra Space Storage by 6.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,402 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 342 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in Extra Space Storage by 635.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 8,613 shares of the real estate investment trust’s stock valued at $1,338,000 after purchasing an additional 7,442 shares during the period. One Capital Management LLC acquired a new stake in Extra Space Storage during the second quarter worth approximately $867,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Extra Space Storage by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,127,012 shares of the real estate investment trust’s stock worth $485,973,000 after purchasing an additional 45,717 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

EXR stock opened at $180.41 on Friday. Extra Space Storage Inc. has a 12-month low of $101.19 and a 12-month high of $184.87. The company has a market cap of $38.20 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.56 and a beta of 0.86. The firm has a 50 day moving average of $170.03 and a 200-day moving average of $154.68. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.76.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $1.62 dividend. The ex-dividend date is Monday, September 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.59%. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $152.58, for a total transaction of $1,144,350.00. Following the sale, the chief executive officer now directly owns 31,690 shares of the company’s stock, valued at $4,835,260.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Extra Space Storage news, EVP William N. Springer sold 2,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,089,758.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 31,690 shares in the company, valued at approximately $4,835,260.20. The disclosure for this sale can be found here. Insiders have sold a total of 18,970 shares of company stock valued at $3,172,757 over the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EXR. Evercore ISI boosted their price target on Extra Space Storage from $167.00 to $170.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Jefferies Financial Group upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and boosted their price target for the stock from $162.00 to $204.00 in a research report on Wednesday. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Scotiabank boosted their target price on shares of Extra Space Storage from $159.00 to $169.00 and gave the stock a “sector underperform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada assumed coverage on shares of Extra Space Storage in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Extra Space Storage has an average rating of “Hold” and an average target price of $170.93.

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.