Robeco Institutional Asset Management B.V. Trims Position in Extra Space Storage Inc. (NYSE:EXR)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,253 shares of the real estate investment trust's stock after selling 2,922 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Extra Space Storage worth $16,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXR. Ashton Thomas Securities LLC acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in Extra Space Storage during the third quarter worth approximately $42,000. Continuum Advisory LLC boosted its holdings in Extra Space Storage by 68.1% in the third quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 126 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Extra Space Storage by 441.2% in the second quarter. Sunbelt Securities Inc. now owns 617 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 503 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in Extra Space Storage during the 3rd quarter worth $129,000. Hedge funds and other institutional investors own 99.11% of the company's stock.

Insider Buying and Selling at Extra Space Storage

In other news, Director Diane Olmstead sold 3,081 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $164.56, for a total value of $507,009.36. Following the sale, the director now directly owns 5,877 shares in the company, valued at $967,119.12. This represents a 34.39 % decrease in their ownership of the stock. The transaction 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 Extra Space Storage stock in a transaction that occurred 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 transaction, the chief executive officer now owns 16,690 shares of the company's stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXR has been the subject of a number of research analyst reports. 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. Barclays lowered their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Truist Financial increased their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Evercore ISI dropped their price target on Extra Space Storage from $170.00 to $168.00 and set an "in-line" rating on the stock in a research report on Monday, October 14th. Finally, Scotiabank raised Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective for the company in a research report on Friday, January 10th. 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 company. Based on data from MarketBeat, Extra Space Storage presently has a consensus rating of "Hold" and a consensus target price of $174.00.

Extra Space Storage Price Performance

NYSE:EXR traded down $0.76 during trading hours on Tuesday, hitting $151.98. The company's stock had a trading volume of 1,153,393 shares, compared to its average volume of 1,345,177. The company has a market capitalization of $32.22 billion, a PE ratio of 39.79, a PEG ratio of 7.67 and a beta of 0.91. Extra Space Storage Inc. has a 52-week low of $131.02 and a 52-week high of $184.87. The business's 50-day moving average is $154.45 and its two-hundred day moving average is $164.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $6.48 annualized dividend and a yield of 4.26%. Extra Space Storage's payout ratio is currently 169.63%.

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.