Extra Space Storage Inc. (NYSE:EXR) Stock Holdings Lessened by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,304 shares of the real estate investment trust’s stock after selling 431 shares during the period. Private Advisor Group LLC’s holdings in Extra Space Storage were worth $3,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of Extra Space Storage during the fourth quarter valued at approximately $54,000. Atria Wealth Solutions Inc. boosted its position in Extra Space Storage by 21.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 13,332 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 2,317 shares during the period. Venturi Wealth Management LLC grew its stake in Extra Space Storage by 14.4% during the 4th quarter. Venturi Wealth Management LLC now owns 7,614 shares of the real estate investment trust’s stock worth $1,139,000 after buying an additional 961 shares during the last quarter. D.A. Davidson & CO. increased its position in Extra Space Storage by 23.8% in the fourth quarter. D.A. Davidson & CO. now owns 1,768 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 340 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Extra Space Storage by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 32,279 shares of the real estate investment trust’s stock valued at $4,829,000 after buying an additional 1,402 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXR. Wells Fargo & Company lowered their price target on shares of Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays dropped their price target on shares of 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. Truist Financial increased their price objective on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, 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 report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $173.09.

Extra Space Storage Stock Up 2.0 %

Shares of EXR stock opened at $159.14 on Tuesday. Extra Space Storage Inc. has a 1 year low of $131.02 and a 1 year 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 business’s fifty day moving average is $151.61 and its 200-day moving average is $163.74. The stock has a market cap of $33.73 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 7.76 and a beta of 0.91.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, March 14th. Extra Space Storage’s payout ratio is currently 169.63%.

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.