Tempus Wealth Planning LLC Buys Shares of 3,706 Extra Space Storage Inc. (NYSE:EXR)

Tempus Wealth Planning LLC purchased a new stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,706 shares of the real estate investment trust's stock, valued at approximately $554,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXR. Tidal Investments LLC increased its stake in shares of Extra Space Storage by 34.4% during the third quarter. Tidal Investments LLC now owns 12,640 shares of the real estate investment trust's stock valued at $2,278,000 after buying an additional 3,234 shares during the period. Swedbank AB boosted its holdings in Extra Space Storage by 4.5% in the third quarter. Swedbank AB now owns 243,130 shares of the real estate investment trust's stock valued at $43,810,000 after acquiring an additional 10,408 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Extra Space Storage by 724.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust's stock valued at $357,100,000 after purchasing an additional 1,741,320 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in Extra Space Storage by 9.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 35,503 shares of the real estate investment trust's stock worth $6,397,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Brown Financial Advisors lifted its position in shares of Extra Space Storage by 69.1% in the 3rd quarter. Brown Financial Advisors now owns 9,134 shares of the real estate investment trust's stock worth $1,646,000 after purchasing an additional 3,731 shares during the period. Institutional investors own 99.11% of the company's stock.

Insider Activity

In other Extra Space Storage news, Director Diane Olmstead sold 3,081 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $164.56, for a total transaction of $507,009.36. Following the transaction, the director now owns 5,877 shares in the company, valued at approximately $967,119.12. This represents a 34.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company's stock.

Extra Space Storage Stock Up 2.0 %

Shares of NYSE:EXR traded up $3.00 on Wednesday, hitting $155.00. 1,202,921 shares of the company traded hands, compared to its average volume of 1,338,988. The company has a market cap of $32.86 billion, a PE ratio of 40.58, a PEG ratio of 7.67 and a beta of 0.91. The stock has a 50 day simple moving average of $154.06 and a 200-day simple moving average of $164.39. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.18%. Extra Space Storage's dividend payout ratio is presently 169.63%.

Wall Street Analysts Forecast Growth

EXR has been the topic of several research analyst reports. Wells Fargo & Company reiterated an "equal weight" rating and set a $175.00 price target on shares of Extra Space Storage in a research report on Monday, October 21st. Scotiabank upgraded 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 report on Friday, January 10th. Truist Financial raised their target price on Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Evercore ISI reduced 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 note on Monday, October 14th. Finally, StockNews.com upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $174.00.

Extra Space Storage Company 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.