Susquehanna Fundamental Investments LLC Invests $14.22 Million in Extra Space Storage Inc. (NYSE:EXR)

Susquehanna Fundamental Investments LLC bought a new stake in Extra Space Storage Inc. (NYSE:EXR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 95,058 shares of the real estate investment trust's stock, valued at approximately $14,221,000.

Several other hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its position in Extra Space Storage by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust's stock valued at $2,717,000 after buying an additional 66 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Extra Space Storage by 1.3% in the fourth 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 acquiring an additional 68 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Extra Space Storage by 14.9% in the fourth quarter. Lindbrook Capital LLC now owns 523 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 68 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Extra Space Storage by 5.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 73 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in Extra Space Storage by 2.2% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,449 shares of the real estate investment trust's stock worth $516,000 after purchasing an additional 75 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the sale, the chief executive officer now owns 9,190 shares of the company's stock, valued at $1,355,065.50. The trade was a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William N. Springer sold 1,220 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $152.66, for a total value of $186,245.20. Following the transaction, the executive vice president now owns 20,158 shares of the company's stock, valued at $3,077,320.28. This trade represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,392 shares of company stock worth $1,392,315. Insiders own 1.36% of the company's stock.

Extra Space Storage Stock Down 0.6 %

Shares of Extra Space Storage stock opened at $141.05 on Friday. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 7.76 and a beta of 0.96. Extra Space Storage Inc. has a twelve month low of $121.03 and a twelve month 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 business's 50 day simple moving average is $145.51 and its 200-day simple moving average is $154.21.

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

Extra Space Storage Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Mizuho started coverage on shares of Extra Space Storage in a research report on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 target price for the company. Wells Fargo & Company reduced their price target on shares of 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. The Goldman Sachs Group reissued a "buy" rating on shares of Extra Space Storage in a report on Thursday, March 6th. Finally, Barclays decreased their target price on Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $167.25.

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.

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