Vestcor Inc Decreases Stake in Extra Space Storage Inc $EXR

Vestcor Inc reduced its position in Extra Space Storage Inc (NYSE:EXR) by 76.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,868 shares of the real estate investment trust’s stock after selling 22,455 shares during the period. Vestcor Inc’s holdings in Extra Space Storage were worth $968,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EXR. NewEdge Advisors LLC raised its position in shares of Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 291 shares during the period. Empowered Funds LLC boosted its holdings in Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares during the period. Sivia Capital Partners LLC bought a new position in Extra Space Storage in the 2nd quarter worth approximately $457,000. Fox Run Management L.L.C. purchased a new position in Extra Space Storage in the 2nd quarter valued at approximately $372,000. Finally, Los Angeles Capital Management LLC purchased a new position in Extra Space Storage in the 2nd quarter valued at approximately $422,000. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on EXR. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a research report on Thursday, February 5th. Morgan Stanley decreased their price objective on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Mizuho increased their price objective on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Wells Fargo & Company cut their target price on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Finally, Scotiabank lifted their target price on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.13.

Extra Space Storage Price Performance

Shares of EXR traded up $1.17 during trading hours on Friday, reaching $141.35. 128,352 shares of the company’s stock traded hands, compared to its average volume of 1,353,957. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $155.19. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The stock has a market cap of $29.84 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The firm’s 50 day simple moving average is $143.22 and its 200-day simple moving average is $139.80.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. Extra Space Storage’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts expect 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 will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio is presently 140.87%.

Extra Space Storage Profile

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.