Asset Management One Co. Ltd. raised its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 399,138 shares of the real estate investment trust's stock after buying an additional 11,875 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of Extra Space Storage worth $59,108,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in shares of Extra Space Storage by 1.7% during the third 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. lifted its stake in shares of Extra Space Storage by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,366,107 shares of the real estate investment trust's stock worth $426,349,000 after buying an additional 111,137 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Extra Space Storage by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,020,459 shares of the real estate investment trust's stock valued at $364,066,000 after buying an additional 189,949 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in 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 acquiring an additional 2,007,626 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 acquiring an additional 1,741,320 shares during the period. 99.11% of the stock is currently owned by institutional investors.
Extra Space Storage Stock Performance
EXR traded down $0.04 on Tuesday, reaching $154.88. The stock had a trading volume of 751,009 shares, compared to its average volume of 1,224,663. The business's 50-day moving average price is $151.94 and its two-hundred day moving average price is $163.94. The company has a market cap of $32.83 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77.
Wall Street Analysts Forecast Growth
EXR has been the subject of several research analyst reports. Truist Financial raised their price objective on Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $175.00 price objective on shares of Extra Space Storage in a research note on Monday, October 21st. Barclays decreased their target price on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Scotiabank raised shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price target on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $174.00.
Get Our Latest Report on Extra Space Storage
Insider Activity
In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the 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 transaction, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. This represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.
Recommended Stories
Before you consider Extra Space Storage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Extra Space Storage wasn't on the list.
While Extra Space Storage currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
