Extra Space Storage Inc. (NYSE:EXR) Shares Acquired by Wade G W & Inc.

Wade G W & Inc. increased its holdings in shares of Extra Space Storage Inc. (NYSE:EXRFree Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,675 shares of the real estate investment trust’s stock after purchasing an additional 1,969 shares during the quarter. Wade G W & Inc.’s holdings in Extra Space Storage were worth $18,546,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation N.A. grew its stake in shares of Extra Space Storage by 241.9% in the third quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in Extra Space Storage during the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Extra Space Storage by 162.5% in the third quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 143 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Extra Space Storage during the third quarter worth $32,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

NYSE EXR traded up $0.76 during trading on Tuesday, reaching $148.65. The company’s stock had a trading volume of 720,280 shares, compared to its average volume of 1,160,184. The business’s fifty day moving average price is $142.04 and its 200-day moving average price is $140.88. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $164.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $31.47 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 3.60 and a beta of 0.76.

Extra Space Storage (NYSE:EXRGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a net margin of 29.10% and a return on equity of 6.76%. The company had revenue of $797.77 million during the quarter, compared to analyst estimates of $778.05 million. During the same quarter last year, the firm earned $2.09 EPS. The business’s revenue was up 57.4% on a year-over-year basis. As a group, analysts anticipate that Extra Space Storage Inc. will post 8.05 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $1.62 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.36%. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

Analyst Ratings Changes

EXR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Extra Space Storage in a report on Tuesday, January 30th. They set a “hold” rating and a $141.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Extra Space Storage from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Barclays initiated coverage on shares of Extra Space Storage in a report on Wednesday, March 27th. They set an “overweight” rating and a $157.00 price target for the company. Raymond James restated an “outperform” rating and issued a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, March 28th. Finally, StockNews.com downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $149.67.

Get Our Latest Stock Report on Extra Space Storage

Insider Buying and Selling at Extra Space Storage

In other news, CMO Samrat Sondhi sold 2,048 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $146.46, for a total value of $299,950.08. Following the completion of the sale, the chief marketing officer now owns 94,126 shares in the company, valued at approximately $13,785,693.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Samrat Sondhi sold 2,048 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the completion of the sale, the chief marketing officer now directly owns 94,126 shares of the company’s stock, valued at approximately $13,785,693.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total value of $195,750.00. Following the transaction, the executive vice president now directly owns 37,028 shares in the company, valued at approximately $5,369,060. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,532 shares of company stock valued at $514,819. 1.36% of the stock is owned by company insiders.

Extra Space Storage Company Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc. (NYSE:EXRFree Report).

Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.