Pathway Financial Advisers LLC Sells 2,007,634 Shares of Extra Space Storage Inc. (NYSE:EXR)

Pathway Financial Advisers LLC decreased its position in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 99.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,250 shares of the real estate investment trust's stock after selling 2,007,634 shares during the quarter. Pathway Financial Advisers LLC's holdings in Extra Space Storage were worth $1,683,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EXR. Values First Advisors Inc. raised its position in shares of Extra Space Storage by 3.0% during the 4th quarter. Values First Advisors Inc. now owns 3,726 shares of the real estate investment trust's stock worth $557,000 after purchasing an additional 110 shares during the period. Quent Capital LLC lifted its stake in Extra Space Storage by 89.0% in the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 154 shares during the last quarter. MADDEN SECURITIES Corp boosted its holdings in shares of Extra Space Storage by 12.1% during the fourth quarter. MADDEN SECURITIES Corp now owns 7,230 shares of the real estate investment trust's stock valued at $1,082,000 after acquiring an additional 780 shares during the period. Paladin Wealth LLC grew its position in shares of Extra Space Storage by 11.9% during the fourth quarter. Paladin Wealth LLC now owns 4,690 shares of the real estate investment trust's stock worth $702,000 after acquiring an additional 500 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Extra Space Storage by 3.8% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 18,819 shares of the real estate investment trust's stock worth $2,815,000 after acquiring an additional 689 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. This represents a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.36% of the company's stock.

Extra Space Storage Price Performance

Shares of NYSE:EXR traded down $0.99 on Monday, reaching $154.96. 1,409,592 shares of the company traded hands, compared to its average volume of 1,361,023. The company's 50 day moving average is $152.13 and its 200-day moving average is $163.97. The stock has a market capitalization of $32.85 billion, a PE ratio of 40.57, a P/E/G ratio of 7.77 and a beta of 0.91. Extra Space Storage Inc. has a fifty-two week low of $131.02 and a fifty-two week high of $184.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXR shares. Wells Fargo & Company reissued an "equal weight" rating and set a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Truist Financial increased their price objective on Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Barclays cut their target price on Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. StockNews.com raised Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Scotiabank upgraded shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Extra Space Storage presently has a consensus rating of "Hold" and an average target price of $174.00.

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.