Chevy Chase Trust Holdings LLC trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,240 shares of the real estate investment trust's stock after selling 2,387 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Extra Space Storage worth $16,642,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in EXR. State Street Corp lifted its position in Extra Space Storage by 1.7% in the 3rd quarter. State Street Corp now owns 13,390,830 shares of the real estate investment trust's stock valued at $2,412,894,000 after acquiring an additional 227,006 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Extra Space Storage by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,366,107 shares of the real estate investment trust's stock valued at $426,349,000 after buying an additional 111,137 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Extra Space Storage by 10.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,020,459 shares of the real estate investment trust's stock worth $364,066,000 after purchasing an additional 189,949 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Extra Space Storage by 17,832.9% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust's stock worth $363,783,000 after purchasing an additional 2,007,626 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Extra Space Storage by 724.1% in 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 purchasing an additional 1,741,320 shares in the last quarter. 99.11% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Scotiabank upgraded 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 research note on Friday, January 10th. Truist Financial increased their price objective on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a report on Thursday, December 5th. StockNews.com raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays lowered their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating for the company in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $174.00.
Check Out Our Latest Stock Report on EXR
Extra Space Storage Trading Down 0.8 %
Shares of NYSE:EXR traded down $1.19 during trading on Wednesday, reaching $153.76. 1,233,441 shares of the company were exchanged, compared to its average volume of 1,233,879. The firm has a market capitalization of $32.59 billion, a PE ratio of 40.25, a P/E/G ratio of 7.71 and a beta of 0.91. The business's fifty day simple moving average is $151.94 and its 200-day simple moving average is $163.94. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23.
Insider Transactions at Extra Space Storage
In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred 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 directly owns 16,690 shares of the company's stock, valued at $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 is available through this link. Corporate insiders own 1.36% of the company's stock.
About Extra Space Storage
(
Free Report)
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.
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