Extra Space Storage Inc. (NYSE:EXR) Holdings Lifted by Ossiam

Ossiam raised its position in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,666 shares of the real estate investment trust's stock after acquiring an additional 1,824 shares during the quarter. Ossiam's holdings in Extra Space Storage were worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EXR. Golden State Wealth Management LLC purchased a new stake in Extra Space Storage during the 4th quarter worth $25,000. Harbour Investments Inc. grew its stake in shares of Extra Space Storage by 90.9% during the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Quent Capital LLC increased its position in shares of Extra Space Storage by 89.0% during the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 154 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Extra Space Storage in the fourth quarter worth about $52,000. Finally, Kestra Investment Management LLC purchased a new position in Extra Space Storage in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 99.11% of the company's stock.

Analysts Set New Price Targets

EXR has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Mizuho initiated coverage on shares of Extra Space Storage in a report on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 price target on the stock. StockNews.com lowered shares of Extra Space Storage from a "hold" rating to a "sell" rating in a report on Friday, March 7th. Scotiabank upgraded shares of Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $165.00 to $149.00 in a research note on Wednesday, April 9th. Finally, Barclays decreased their price target on Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $167.25.

Insider Transactions at Extra Space Storage

In related news, Director Joseph J. Bonner sold 672 shares of Extra Space Storage stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $149.10, for a total transaction of $100,195.20. Following the sale, the director now directly owns 4,557 shares in the company, valued at $679,448.70. The trade was a 12.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the completion of the transaction, the chief executive officer now owns 9,190 shares of the company's stock, valued at $1,355,065.50. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,392 shares of company stock worth $1,392,315. Company insiders own 1.36% of the company's stock.

Extra Space Storage Stock Performance

EXR traded down $0.81 during trading on Friday, reaching $141.05. 729,981 shares of the company were exchanged, compared to its average volume of 1,288,692. Extra Space Storage Inc. has a 52 week low of $121.03 and a 52 week 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. The firm has a 50 day moving average of $145.78 and a 200 day moving average of $154.53. The stock has a market cap of $29.93 billion, a P/E ratio of 36.92, a PEG ratio of 7.76 and a beta of 0.96.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 EPS for the quarter, topping the consensus estimate of $1.10 by $0.93. The business had revenue of $821.90 million during the quarter, compared to analyst estimates of $707.34 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. On average, sell-side analysts forecast that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.59%. Extra Space Storage's dividend payout ratio (DPR) is presently 160.40%.

About Extra Space Storage

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.