143,492 Shares in Extra Space Storage Inc. (NYSE:EXR) Bought by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in Extra Space Storage Inc. (NYSE:EXR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 143,492 shares of the real estate investment trust's stock, valued at approximately $20,730,000. APG Asset Management N.V. owned approximately 0.07% of Extra Space Storage at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Walleye Capital LLC grew its position in shares of Extra Space Storage by 174.8% in the third quarter. Walleye Capital LLC now owns 1,280 shares of the real estate investment trust's stock valued at $231,000 after purchasing an additional 2,992 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Extra Space Storage by 12.6% during the third quarter. MML Investors Services LLC now owns 5,994 shares of the real estate investment trust's stock worth $1,080,000 after purchasing an additional 672 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Extra Space Storage by 8.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 6,868 shares of the real estate investment trust's stock worth $1,238,000 after purchasing an additional 557 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Extra Space Storage by 68.1% in the third quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 126 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Extra Space Storage by 8.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,905 shares of the real estate investment trust's stock valued at $699,000 after purchasing an additional 320 shares during the period. Institutional investors own 99.11% of the company's stock.

Extra Space Storage Price Performance

EXR traded up $1.11 during trading on Tuesday, reaching $138.78. The stock had a trading volume of 247,224 shares, compared to its average volume of 1,069,051. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The business has a 50-day moving average of $148.27 and a 200-day moving average of $156.20. Extra Space Storage Inc. has a one year low of $121.03 and a one year high of $184.87. The stock has a market cap of $29.45 billion, a PE ratio of 36.33, a PEG ratio of 7.76 and a beta of 0.96.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $821.90 million for the quarter, compared to analysts' expectations of $707.34 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. As a group, equities research analysts anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.67%. Extra Space Storage's dividend payout ratio (DPR) is currently 160.40%.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the completion of the transaction, the chief executive officer now owns 9,190 shares in the company, valued at $1,355,065.50. This represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph J. Bonner sold 672 shares of Extra Space Storage stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $149.10, for a total transaction of $100,195.20. Following the completion of the sale, the director now owns 4,557 shares in the company, valued at approximately $679,448.70. This trade represents a 12.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,392 shares of company stock worth $1,392,315. 1.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com lowered Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Scotiabank raised shares of Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and cut their price objective for the stock from $165.00 to $149.00 in a research report on Wednesday, April 9th. 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 report on Wednesday, March 12th. Mizuho assumed coverage on Extra Space Storage in a report on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 price target on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus rating of "Hold" and an average target price of $167.25.

Extra Space Storage 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.