Three Seasons Wealth LLC Acquires Shares of 3,000 Extra Space Storage Inc. (NYSE:EXR)

Three Seasons Wealth LLC bought a new position in Extra Space Storage Inc. (NYSE:EXR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,000 shares of the real estate investment trust's stock, valued at approximately $449,000.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Extra Space Storage during the 4th quarter valued at about $25,000. Harbour Investments Inc. lifted its holdings in Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 80 shares in the last quarter. Quent Capital LLC lifted its holdings in Extra Space Storage by 89.0% during the 4th 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 in the last quarter. Asset Planning Inc bought a new stake in Extra Space Storage during the 4th quarter valued at about $52,000. Finally, Kestra Investment Management LLC bought a new stake in Extra Space Storage during the 4th quarter valued at about $54,000. Institutional investors own 99.11% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXR. Barclays decreased their price objective on shares of Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. StockNews.com downgraded shares of Extra Space Storage from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Royal Bank of Canada cut their target price on shares of Extra Space Storage from $167.00 to $163.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Mizuho began coverage on shares of Extra Space Storage in a research report on Wednesday, April 9th. They set an "outperform" rating and a $141.00 target price on the stock. Finally, Scotiabank raised shares of Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $165.00 to $149.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Extra Space Storage currently has a consensus rating of "Hold" and a consensus target price of $167.25.

Extra Space Storage Stock Up 0.7 %

Shares of Extra Space Storage stock traded up $0.98 during trading on Monday, reaching $142.03. The company's stock had a trading volume of 804,134 shares, compared to its average volume of 1,061,298. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 7.76 and a beta of 0.96. Extra Space Storage Inc. has a 1-year low of $121.03 and a 1-year high of $184.87. The company has a 50-day simple moving average of $145.51 and a two-hundred day simple moving average of $154.10.

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

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $1.62 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.56%. Extra Space Storage's payout ratio is 160.40%.

Insider Transactions at Extra Space Storage

In related news, EVP William N. Springer sold 1,220 shares of the firm'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 completion of the transaction, the executive vice president now owns 20,158 shares in the company, valued at $3,077,320.28. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the completion of the transaction, the chief executive officer now owns 9,190 shares of the company's stock, valued at $1,355,065.50. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock valued at $1,392,315 in the last quarter. 1.36% of the stock is currently owned by corporate insiders.

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.