Extra Space Storage Inc. (NYSE:EXR) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the real estate investment trust's stock after buying an additional 2,000 shares during the period. E. Ohman J or Asset Management AB's holdings in Extra Space Storage were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in Extra Space Storage in the third quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in Extra Space Storage in the 3rd quarter valued at about $42,000. Continuum Advisory LLC boosted its stake in shares of Extra Space Storage by 68.1% in the 3rd quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 126 shares during the period. DiNuzzo Private Wealth Inc. acquired a new position in shares of Extra Space Storage during the third quarter worth about $129,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Extra Space Storage by 13.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 861 shares of the real estate investment trust's stock worth $129,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays decreased 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 research note on Monday, January 13th. Wells Fargo & Company reiterated an "equal weight" rating and set a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Truist Financial raised their price target on Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Scotiabank raised 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, StockNews.com upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $174.00.

Extra Space Storage Stock Performance

EXR traded down $0.04 during trading on Friday, hitting $156.01. 1,192,100 shares of the stock were exchanged, compared to its average volume of 1,361,023. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 1-year low of $131.02 and a 1-year high of $184.87. The stock has a fifty day moving average price of $153.06 and a two-hundred day moving average price of $164.20. The firm has a market capitalization of $33.07 billion, a P/E ratio of 40.84, a PEG ratio of 7.77 and a beta of 0.91.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $1.62 dividend. The ex-dividend date was Monday, December 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.15%. Extra Space Storage's payout ratio is 169.63%.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 16,690 shares of the company's stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane Olmstead sold 3,081 shares of Extra Space Storage stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $164.56, for a total value of $507,009.36. Following the completion of the transaction, the director now owns 5,877 shares in the company, valued at $967,119.12. This trade represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is owned by insiders.

Extra Space Storage Company 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.