New York State Teachers Retirement System trimmed its stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,265 shares of the real estate investment trust's stock after selling 4,921 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Extra Space Storage worth $27,716,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of 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 worth $2,412,894,000 after purchasing 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% in 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 last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Extra Space Storage by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,020,459 shares of the real estate investment trust's stock worth $364,066,000 after buying an additional 189,949 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Extra Space Storage by 17,832.9% in the third quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust's stock worth $363,783,000 after buying 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 stake in shares of Extra Space Storage by 724.1% in the third 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 buying an additional 1,741,320 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.
Extra Space Storage Price Performance
Shares of Extra Space Storage stock traded down $1.19 during mid-day trading on Wednesday, reaching $153.76. 1,233,441 shares of the stock were exchanged, compared to its average volume of 1,233,879. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 7.71 and a beta of 0.91. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $151.94 and a 200 day simple moving average of $163.94. Extra Space Storage Inc. has a fifty-two week low of $131.02 and a fifty-two week high of $184.87.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Scotiabank upgraded shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 target price for the company in a research note on Friday, January 10th. Truist Financial increased their price target 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. Barclays reduced 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. Finally, StockNews.com raised shares of 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 given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $174.00.
View Our Latest Stock Analysis on EXR
Insider Buying and Selling
In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 16,690 shares in the company, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.36% of the stock is currently owned by corporate insiders.
Extra Space Storage Company Profile
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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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