5,066 Shares in Extra Space Storage Inc. (NYSE:EXR) Purchased by Aviso Financial Inc.

Aviso Financial Inc. purchased a new stake in shares of Extra Space Storage Inc. (NYSE:EXR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,066 shares of the real estate investment trust’s stock, valued at approximately $758,000.

A number of other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Extra Space Storage by 4.5% in the third quarter. Assetmark Inc. now owns 6,413 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 277 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Extra Space Storage by 18.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 244 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Extra Space Storage in the 3rd quarter valued at about $33,000. Aptus Capital Advisors LLC grew its position in Extra Space Storage by 5.5% in the third quarter. Aptus Capital Advisors LLC now owns 1,570 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 82 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Extra Space Storage by 17.8% during the third quarter. Victory Capital Management Inc. now owns 167,257 shares of the real estate investment trust’s stock worth $30,138,000 after acquiring an additional 25,321 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value of $1,110,075.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph J. Bonner sold 672 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $149.10, for a total transaction of $100,195.20. Following the completion of the sale, the director now directly owns 4,557 shares of the company’s stock, valued at $679,448.70. The trade was a 12.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock worth $1,396,515 over the last three months. 1.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on Extra Space Storage from $167.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Truist Financial raised their price target on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Barclays cut their price objective on shares of Extra Space Storage from $184.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company cut 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 report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $171.09.

Extra Space Storage Price Performance

Shares of EXR stock opened at $145.03 on Friday. The company has a market capitalization of $30.75 billion, a P/E ratio of 37.97, a P/E/G ratio of 7.76 and a beta of 0.90. The company’s 50-day simple moving average is $152.94 and its two-hundred day simple moving average is $162.21. Extra Space Storage Inc. has a one year low of $131.02 and a one year high of $184.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.93. The company had revenue of $821.90 million for 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 anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.48 annualized dividend and a dividend yield of 4.47%. Extra Space Storage’s dividend payout ratio is currently 160.40%.

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.