12,134 Shares in Extra Space Storage Inc. (NYSE:EXR) Bought by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. acquired a new position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,134 shares of the real estate investment trust's stock, valued at approximately $1,893,000. Extra Space Storage makes up about 2.2% of RD Lewis Holdings Inc.'s investment portfolio, making the stock its 14th biggest position.

Several other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Extra Space Storage in the fourth quarter worth approximately $25,000. Harbour Investments Inc. lifted its holdings in shares of Extra Space Storage by 90.9% in the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Extra Space Storage in the 3rd quarter worth $42,000. Quent Capital LLC grew its position in Extra Space Storage by 89.0% in the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 154 shares during the period. Finally, Asset Planning Inc bought a new stake in Extra Space Storage during the 4th quarter valued at $52,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXR. Truist Financial raised their target price on Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Scotiabank reduced their target price on shares of Extra Space Storage from $167.00 to $165.00 and set a "sector perform" rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada dropped their price target on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price objective on shares of Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $171.09.

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Insider Activity at Extra Space Storage

In other Extra Space Storage news, Director Joseph J. Bonner sold 672 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $149.10, for a total value of $100,195.20. Following the completion of the transaction, the director now owns 4,557 shares in the company, valued at $679,448.70. This trade 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 hyperlink. Also, EVP William N. Springer sold 1,220 shares of Extra Space Storage stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $152.66, for a total value of $186,245.20. Following the transaction, the executive vice president now directly owns 20,158 shares of the company's stock, valued at $3,077,320.28. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,392 shares of company stock worth $1,396,515. Corporate insiders own 1.36% of the company's stock.

Extra Space Storage Stock Performance

NYSE:EXR traded down $1.96 during trading hours on Friday, reaching $143.92. The stock had a trading volume of 1,769,806 shares, compared to its average volume of 1,004,666. The stock has a market cap of $30.51 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 7.76 and a beta of 0.90. The stock has a 50 day simple moving average of $152.82 and a 200 day simple moving average of $161.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.93. The company had revenue of $821.90 million during the quarter, compared to analyst estimates of $707.34 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. On average, research analysts forecast that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.50%. Extra Space Storage's dividend payout ratio is 160.40%.

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.