2,664 Shares in Extra Space Storage Inc. (NYSE:EXR) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new stake in Extra Space Storage Inc. (NYSE:EXR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,664 shares of the real estate investment trust's stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. Pathway Financial Advisers LLC grew its holdings in shares of Extra Space Storage by 17,832.9% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 worth $357,100,000 after acquiring an additional 1,741,320 shares during the period. Canada Pension Plan Investment Board raised its holdings in Extra Space Storage by 20.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,877,100 shares of the real estate investment trust's stock valued at $291,720,000 after acquiring an additional 319,965 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in Extra Space Storage by 1,664.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 288,094 shares of the real estate investment trust's stock valued at $51,912,000 after acquiring an additional 271,765 shares during the last quarter. Finally, Hamlin Capital Management LLC lifted its stake in shares of Extra Space Storage by 44.8% during the 3rd quarter. Hamlin Capital Management LLC now owns 766,043 shares of the real estate investment trust's stock worth $138,033,000 after purchasing an additional 236,908 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Trading Down 0.6 %

Shares of EXR stock traded down $0.85 during mid-day trading on Friday, reaching $150.75. The company's stock had a trading volume of 1,183,666 shares, compared to its average volume of 1,133,079. The company's 50 day simple moving average is $157.58 and its 200-day simple moving average is $164.84. 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 12-month low of $131.02 and a 12-month high of $184.87. The firm has a market capitalization of $31.96 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 7.18 and a beta of 0.91.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $2.03 by ($1.12). Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The company had revenue of $824.80 million during the quarter, compared to analysts' expectations of $826.93 million. During the same period last year, the business earned $2.02 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts predict that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Monday, December 16th. Extra Space Storage's dividend payout ratio (DPR) is 169.63%.

Analysts Set New Price Targets

Several research firms recently commented on EXR. StockNews.com lowered Extra Space Storage from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. Evercore ISI dropped their price objective on shares of Extra Space Storage from $170.00 to $168.00 and set an "in-line" rating for the company in a research note on Monday, October 14th. Wells Fargo & Company reissued an "equal weight" rating and issued a $175.00 target price on shares of Extra Space Storage in a research report on Monday, October 21st. Truist Financial boosted their target price 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. Finally, Barclays cut their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $171.25.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value 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. The trade was a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane Olmstead sold 3,081 shares of the stock in a transaction dated 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 directly owns 5,877 shares of the company's stock, valued at $967,119.12. This represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company's stock.

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.