CANADA LIFE ASSURANCE Co Buys 6,122 Shares of Extra Space Storage Inc. (NYSE:EXR)

CANADA LIFE ASSURANCE Co grew its position in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 417,651 shares of the real estate investment trust's stock after purchasing an additional 6,122 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.20% of Extra Space Storage worth $62,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EXR. Oregon Public Employees Retirement Fund raised its holdings in Extra Space Storage by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust's stock worth $2,717,000 after purchasing an additional 66 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Extra Space Storage by 1.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust's stock valued at $769,000 after buying an additional 68 shares during the period. Lindbrook Capital LLC boosted its stake in Extra Space Storage by 14.9% during the fourth quarter. Lindbrook Capital LLC now owns 523 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 68 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Extra Space Storage by 5.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock worth $199,000 after acquiring an additional 73 shares during the period. Finally, Checchi Capital Advisers LLC lifted its holdings in Extra Space Storage by 2.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,449 shares of the real estate investment trust's stock valued at $516,000 after acquiring an additional 75 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Down 0.9 %

Shares of NYSE EXR traded down $1.31 during mid-day trading on Wednesday, reaching $140.52. The company had a trading volume of 234,374 shares, compared to its average volume of 1,061,210. 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 company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 7.76 and a beta of 0.96. The stock has a fifty day moving average of $146.31 and a two-hundred day moving average of $154.82. Extra Space Storage Inc. has a 12-month low of $121.03 and a 12-month high of $184.87.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 EPS for the quarter, beating the consensus estimate of $1.10 by $0.93. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The business had revenue of $821.90 million for the quarter, compared to analysts' expectations of $707.34 million. As a group, equities research analysts expect that Extra Space Storage Inc. will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Friday, March 14th. Extra Space Storage's dividend payout ratio (DPR) is presently 160.40%.

Wall Street Analyst Weigh In

EXR has been the topic of a number of research reports. StockNews.com downgraded shares of Extra Space Storage from a "hold" rating to a "sell" rating in a report on Friday, March 7th. Royal Bank of Canada dropped their price target on 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. Barclays reduced their price objective on Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Scotiabank raised Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and cut their target price for the stock from $165.00 to $149.00 in a research report on Wednesday, April 9th. Finally, Mizuho assumed coverage on Extra Space Storage in a report on Wednesday, April 9th. They set an "outperform" rating and a $141.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Extra Space Storage currently has an average rating of "Hold" and a consensus target price of $167.25.

Insider Activity

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 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 directly owns 4,557 shares in the company, valued at $679,448.70. This represents a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the transaction, the chief executive officer now directly owns 9,190 shares of the company's stock, valued at $1,355,065.50. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,392 shares of company stock worth $1,392,315 in the last three months. 1.36% of the stock is owned by insiders.

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.