Rhumbline Advisers lessened its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 423,184 shares of the real estate investment trust's stock after selling 3,403 shares during the period. Rhumbline Advisers owned 0.20% of Extra Space Storage worth $63,308,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Graypoint LLC raised its position in shares of Extra Space Storage by 4.3% in the third quarter. Graypoint LLC now owns 1,575 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 65 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Extra Space Storage by 1.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust's stock worth $769,000 after buying an additional 68 shares during the period. Buckley Wealth Management LLC grew its stake in Extra Space Storage by 1.9% in the 3rd quarter. Buckley Wealth Management LLC now owns 3,811 shares of the real estate investment trust's stock valued at $687,000 after buying an additional 71 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Extra Space Storage by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,973 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 77 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in Extra Space Storage by 5.5% during the third quarter. Aptus Capital Advisors LLC now owns 1,570 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.
Extra Space Storage Price Performance
EXR stock traded up $2.22 during midday trading on Thursday, reaching $155.99. The company had a trading volume of 1,461,825 shares, compared to its average volume of 1,240,792. Extra Space Storage Inc. has a 1-year low of $131.02 and a 1-year high of $184.87. The stock has a 50 day moving average price of $151.71 and a 200-day moving average price of $163.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $33.07 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 7.71 and a beta of 0.91.
Insider Buying and Selling at Extra Space Storage
In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 16,690 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 1.36% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on EXR. Scotiabank raised Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 target price on the stock in a research report on Friday, January 10th. Barclays decreased their price objective on Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. 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 research report on Thursday, December 5th. Finally, StockNews.com raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Extra Space Storage has an average rating of "Hold" and a consensus price target of $174.00.
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About Extra Space Storage
(
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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