Extra Space Storage Inc. (NYSE:EXR) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its position in Extra Space Storage Inc. (NYSE:EXR) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,045 shares of the real estate investment trust’s stock after acquiring an additional 170 shares during the period. Signaturefd LLC’s holdings in Extra Space Storage were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in Extra Space Storage by 90.9% during the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Extra Space Storage by 4.2% during the fourth quarter. Corient Private Wealth LLC now owns 10,382 shares of the real estate investment trust’s stock worth $1,553,000 after buying an additional 420 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Extra Space Storage by 33.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,555 shares of the real estate investment trust’s stock worth $1,878,000 after buying an additional 3,117 shares during the last quarter. Buckley Wealth Management LLC boosted its stake in Extra Space Storage by 2.6% during the fourth quarter. Buckley Wealth Management LLC now owns 3,910 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 99 shares during the last quarter. Finally, Aviso Financial Inc. acquired a new position in Extra Space Storage during the fourth quarter worth $758,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Price Performance

EXR stock opened at $143.92 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $30.51 billion, a PE ratio of 37.67, a P/E/G ratio of 7.76 and a beta of 0.90. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87. The business’s fifty day moving average price is $152.76 and its 200 day moving average price is $161.05.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.93. The firm had revenue of $821.90 million for the quarter, compared to the consensus estimate of $707.34 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. On average, sell-side analysts anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.48 annualized dividend and a yield of 4.50%. Extra Space Storage’s dividend payout ratio (DPR) is 160.40%.

Insiders Place Their Bets

In other Extra Space Storage news, Director Joseph J. Bonner sold 672 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $149.10, for a total transaction of $100,195.20. Following the sale, the director now owns 4,557 shares in the company, valued at $679,448.70. This represents a 12.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,392 shares of company stock worth $1,396,515 in the last quarter. 1.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on EXR. Barclays lowered their price objective on Extra Space Storage from $184.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company lowered their price objective on Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Truist Financial upped their price target on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. StockNews.com lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, Scotiabank decreased their price target on Extra Space Storage from $167.00 to $165.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and an average target price of $171.09.

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.