Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 40.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,508 shares of the real estate investment trust's stock after selling 3,054 shares during the quarter. Atria Investments Inc's holdings in Extra Space Storage were worth $812,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in Extra Space Storage during the second quarter worth $25,000. Centerpoint Advisors LLC bought a new stake in Extra Space Storage in the second quarter worth about $27,000. Blue Trust Inc. grew its stake in shares of Extra Space Storage by 540.5% during the second quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Extra Space Storage by 2,760.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 286 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 276 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Extra Space Storage by 19.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 461 shares of the real estate investment trust's stock worth $72,000 after buying an additional 76 shares during the period. Institutional investors own 99.11% of the company's stock.

Extra Space Storage Stock Up 0.7 %

NYSE:EXR traded up $1.15 during midday trading on Tuesday, reaching $166.05. 288,464 shares of the stock traded hands, compared to its average volume of 1,032,968. The business has a 50-day moving average of $171.30 and a two-hundred day moving average of $163.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. Extra Space Storage Inc. has a 12-month low of $125.32 and a 12-month high of $184.87. The stock has a market capitalization of $35.20 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 8.29 and a beta of 0.87.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $2.03 by ($1.12). Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The business had revenue of $824.80 million during the quarter, compared to analyst estimates of $826.93 million. During the same period in the previous year, the business earned $2.02 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Extra Space Storage Inc. will post 8.09 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, December 16th. This represents a $6.48 annualized dividend and a dividend yield of 3.90%. Extra Space Storage's dividend payout ratio (DPR) is currently 169.63%.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the completion of the sale, the chief executive officer now directly owns 24,190 shares in the company, valued at approximately $4,318,398.80. The trade was a 23.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $177.01, for a total value of $499,699.23. Following the completion of the transaction, the executive vice president now directly owns 32,855 shares in the company, valued at approximately $5,815,663.55. The trade was a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,970 shares of company stock valued at $3,367,307 in the last three months. 1.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXR has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $175.00 price objective on shares of Extra Space Storage in a research report on Monday, October 21st. StockNews.com downgraded shares of Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. Bank of America cut shares of Extra Space Storage from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $172.00 to $155.00 in a research report on Monday, August 5th. Truist Financial raised their target price on shares of Extra Space Storage from $152.00 to $167.00 and gave the stock a "hold" rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group upgraded Extra Space Storage from a "hold" rating to a "buy" rating and boosted their price target for the company from $162.00 to $204.00 in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $171.50.

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.