Amundi Has $122.65 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

Amundi boosted its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 82.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828,644 shares of the real estate investment trust's stock after acquiring an additional 373,274 shares during the period. Amundi owned about 0.39% of Extra Space Storage worth $122,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXR. Golden State Wealth Management LLC acquired a new position in Extra Space Storage during the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Extra Space Storage during the third quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Extra Space Storage during the third quarter worth approximately $42,000. Quent Capital LLC grew its holdings 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 worth $49,000 after buying an additional 154 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Extra Space Storage during the fourth quarter valued at $52,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Up 0.4 %

NYSE:EXR traded up $0.53 during trading hours on Friday, hitting $145.03. 1,543,783 shares of the company's stock traded hands, compared to its average volume of 1,360,696. 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 twelve month low of $131.02 and a twelve month high of $184.87. The stock's fifty day moving average price is $153.06 and its two-hundred day moving average price is $162.43. The firm has a market cap of $30.75 billion, a P/E ratio of 37.97, a P/E/G ratio of 7.76 and a beta of 0.90.

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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 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 25.35% and a return on equity of 5.51%. On average, research analysts expect that Extra Space Storage Inc. will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 4.47%. Extra Space Storage's dividend payout ratio is 160.40%.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William N. Springer sold 1,220 shares of Extra Space Storage stock in a transaction on Friday, February 28th. The shares were sold at an average price of $152.66, for a total transaction of $186,245.20. Following the completion of the sale, the executive vice president now directly owns 20,158 shares of the company's stock, valued at approximately $3,077,320.28. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXR shares. Scotiabank reduced their price target 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 cut their target price on Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. StockNews.com lowered Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Truist Financial boosted their price objective on Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Finally, Barclays decreased their target price on Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.