Blair William & Co. IL Sells 125 Shares of Extra Space Storage Inc $EXR

Blair William & Co. IL trimmed its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,568 shares of the real estate investment trust’s stock after selling 125 shares during the period. Blair William & Co. IL’s holdings in Extra Space Storage were worth $379,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXR. Maryland State Retirement & Pension System lifted its holdings in shares of Extra Space Storage by 4.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 10,239 shares of the real estate investment trust’s stock worth $1,510,000 after purchasing an additional 463 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of Extra Space Storage by 5.5% in the 2nd quarter. Ignite Planners LLC now owns 6,730 shares of the real estate investment trust’s stock worth $997,000 after purchasing an additional 349 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Extra Space Storage by 1.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 73,280 shares of the real estate investment trust’s stock worth $10,804,000 after purchasing an additional 1,400 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth $29,000. Finally, Simplicity Wealth LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth $212,000. 99.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total value of $1,060,575.00. Following the completion of the sale, the chief executive officer owned 19,760 shares of the company’s stock, valued at approximately $2,794,261.60. This trade represents a 27.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Extra Space Storage in a report on Tuesday, June 24th. They issued a “neutral” rating and a $156.00 target price on the stock. Truist Financial dropped their price objective on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, August 19th. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Scotiabank dropped their price objective on Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada dropped their price objective on Extra Space Storage from $160.00 to $148.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $148.64.

Extra Space Storage Trading Down 0.2%

NYSE EXR opened at $151.66 on Friday. The stock has a market capitalization of $32.19 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.74 and a beta of 1.11. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $175.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29. The business’s fifty day moving average is $142.23 and its 200-day moving average is $144.44.

Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). The business had revenue of $841.62 million for the quarter, compared to the consensus estimate of $719.43 million. Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. Equities research analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.62 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is 140.56%.

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.