Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Castellan Group

Castellan Group reduced its stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,185 shares of the real estate investment trust's stock after selling 1,947 shares during the quarter. Castellan Group's holdings in Extra Space Storage were worth $3,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC increased its holdings in Extra Space Storage by 17,832.9% in the third quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust's stock valued at $363,783,000 after purchasing an additional 2,007,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Extra Space Storage by 724.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust's stock worth $357,100,000 after buying an additional 1,741,320 shares during the period. Manning & Napier Advisors LLC increased its stake in shares of Extra Space Storage by 1,127.2% in the 4th quarter. Manning & Napier Advisors LLC now owns 781,986 shares of the real estate investment trust's stock valued at $116,985,000 after acquiring an additional 718,266 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Extra Space Storage by 1,664.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 288,094 shares of the real estate investment trust's stock valued at $51,912,000 after acquiring an additional 271,765 shares during the period. Finally, Hamlin Capital Management LLC boosted its stake in Extra Space Storage by 44.8% during the 3rd quarter. Hamlin Capital Management LLC now owns 766,043 shares of the real estate investment trust's stock worth $138,033,000 after acquiring an additional 236,908 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Wall Street Analyst Weigh In

EXR has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an "equal weight" rating and set a $175.00 price target on shares of Extra Space Storage in a research report on Monday, October 21st. StockNews.com upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays cut their price objective on Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Scotiabank upgraded shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price target for the company in a report on Friday, January 10th. Finally, Truist Financial lifted their target price on Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $174.00.

Extra Space Storage Stock Down 0.6 %

Shares of EXR stock traded down $0.99 on Monday, hitting $154.96. The stock had a trading volume of 1,409,592 shares, compared to its average volume of 1,361,023. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87. The business has a 50 day moving average of $152.13 and a 200 day moving average of $163.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the transaction, the chief executive officer now owns 16,690 shares of the company's stock, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.36% of the stock is owned by corporate insiders.

About Extra Space Storage

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.