Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its stake in Extra Space Storage Inc. (NYSE:EXR) by 1.0% in the third quarter, Holdings Channel reports. The fund owned 37,317 shares of the real estate investment trust’s stock after selling 360 shares during the quarter. Captrust Financial Advisors’ holdings in Extra Space Storage were worth $6,724,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Walleye Capital LLC boosted its stake in shares of Extra Space Storage by 174.8% in the third quarter. Walleye Capital LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 2,992 shares during the period. Hantz Financial Services Inc. grew its holdings in Extra Space Storage by 3.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 30,729 shares of the real estate investment trust’s stock worth $5,537,000 after acquiring an additional 900 shares in the last quarter. PEAK6 Investments LLC increased its position in shares of Extra Space Storage by 16.2% in the 3rd quarter. PEAK6 Investments LLC now owns 2,298 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 320 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Extra Space Storage by 724.1% in 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 in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Extra Space Storage by 25.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 36,948 shares of the real estate investment trust’s stock valued at $6,658,000 after purchasing an additional 7,576 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXR shares. Jefferies Financial Group raised Extra Space Storage from a “hold” rating to a “buy” rating and boosted their price objective for the company from $162.00 to $204.00 in a report on Wednesday, September 18th. Scotiabank lowered their price target on Extra Space Storage from $169.00 to $167.00 and set a “sector underperform” rating for the company in a report on Monday, November 25th. Evercore ISI decreased their price objective on shares of Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a report on Monday, October 14th. StockNews.com cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, KeyCorp raised their price target on shares of Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.36.

Insider Activity

In related news, Director Kenneth M. Woolley sold 6,647 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $177.23, for a total transaction of $1,178,047.81. Following the completion of the transaction, the director now owns 404,306 shares of the company’s stock, valued at $71,655,152.38. This trade represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane Olmstead sold 3,081 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $164.56, for a total transaction of $507,009.36. Following the completion of the sale, the director now owns 5,877 shares in the company, valued at approximately $967,119.12. This trade represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,228 shares of company stock worth $3,023,957 over the last three months. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $169.66 on Tuesday. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month 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. The firm has a market capitalization of $35.96 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 8.61 and a beta of 0.87. The business has a 50 day simple moving average of $169.37 and a 200 day simple moving average of $164.64.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($1.12). The business had revenue of $824.80 million for the quarter, compared to analyst estimates of $826.93 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. Extra Space Storage’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the business posted $2.02 earnings per share. On average, equities research analysts anticipate that Extra Space Storage Inc. will post 8.09 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, December 16th. Extra Space Storage’s dividend payout ratio is currently 169.63%.

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.