Cibc World Markets Corp Has $24.71 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

Cibc World Markets Corp lessened its stake in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,182 shares of the real estate investment trust's stock after selling 29,587 shares during the quarter. Cibc World Markets Corp owned 0.08% of Extra Space Storage worth $24,711,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in Extra Space Storage by 34.4% in the 3rd quarter. Tidal Investments LLC now owns 12,640 shares of the real estate investment trust's stock valued at $2,278,000 after acquiring an additional 3,234 shares in the last quarter. Swedbank AB grew its stake in shares of Extra Space Storage by 4.5% in the third quarter. Swedbank AB now owns 243,130 shares of the real estate investment trust's stock valued at $43,810,000 after buying an additional 10,408 shares in 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% 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 valued at $357,100,000 after acquiring an additional 1,741,320 shares during the period. Duff & Phelps Investment Management Co. increased its position in Extra Space Storage by 9.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 35,503 shares of the real estate investment trust's stock worth $6,397,000 after buying an additional 3,093 shares during the last quarter. Finally, Brown Financial Advisors lifted its holdings in Extra Space Storage by 69.1% during the 3rd quarter. Brown Financial Advisors now owns 9,134 shares of the real estate investment trust's stock valued at $1,646,000 after purchasing an additional 3,731 shares during the last quarter. Institutional investors own 99.11% of the company's stock.

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Extra Space Storage Price Performance

EXR traded down $1.96 during trading on Friday, hitting $143.92. 1,769,806 shares of the stock traded hands, compared to its average volume of 1,358,986. The business has a 50 day moving average price of $152.82 and a 200 day moving average price of $161.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick 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 company has a market cap of $30.51 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 7.76 and a beta of 0.90.

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, topping analysts' consensus estimates of $1.10 by $0.93. The company had revenue of $821.90 million during the quarter, compared to analysts' expectations of $707.34 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. Equities research analysts forecast that Extra Space Storage Inc. will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, March 14th. Extra Space Storage's dividend payout ratio is 160.40%.

Insider Buying and Selling

In other news, Director Joseph J. Bonner sold 672 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $149.10, for a total transaction of $100,195.20. Following the sale, the director now directly owns 4,557 shares in the company, valued at approximately $679,448.70. The trade was a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William N. Springer sold 1,220 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,158 shares of the company's stock, valued at approximately $3,077,320.28. This trade represents a 5.71 % 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 $1,396,515 in the last three months. 1.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EXR has been the topic of several research reports. Scotiabank decreased their target price on Extra Space Storage from $167.00 to $165.00 and set a "sector perform" rating on the stock in a research report on Wednesday, March 5th. StockNews.com cut Extra Space Storage from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Barclays reduced their target price on shares of 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. Truist Financial raised their price target on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada cut their price objective on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $171.09.

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.