Extra Space Storage Inc. (NYSE:EXR) Holdings Decreased by Manchester Capital Management LLC

Manchester Capital Management LLC decreased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Manchester Capital Management LLC’s holdings in Extra Space Storage were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EXR. Exchange Traded Concepts LLC purchased a new position in shares of Extra Space Storage during the third quarter valued at $136,000. Bleakley Financial Group LLC grew its holdings in shares of Extra Space Storage by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 1,973 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 77 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Extra Space Storage by 3.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,906 shares of the real estate investment trust’s stock valued at $11,515,000 after purchasing an additional 2,419 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Extra Space Storage by 24.0% in the third quarter. V Square Quantitative Management LLC now owns 2,364 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 458 shares in the last quarter. Finally, Vert Asset Management LLC grew its stake in Extra Space Storage by 1.5% in the third quarter. Vert Asset Management LLC now owns 86,563 shares of the real estate investment trust’s stock valued at $15,598,000 after purchasing an additional 1,288 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the transaction, the chief executive officer now owns 16,690 shares of the company’s stock, valued at approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.36% of the stock is owned by insiders.

Extra Space Storage Price Performance

NYSE EXR opened at $154.96 on Friday. Extra Space Storage Inc. has a twelve month low of $131.02 and a twelve month high of $184.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $32.85 billion, a PE ratio of 40.57, a P/E/G ratio of 7.77 and a beta of 0.91. The stock has a 50-day simple moving average of $152.13 and a 200 day simple moving average of $163.94.

Analysts Set New Price Targets

A number of research analysts have commented on EXR shares. Wells Fargo & Company restated an “equal weight” rating and issued a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Truist Financial boosted 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. 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 research note on Friday, January 10th. Barclays lowered their target price on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.