Extra Space Storage Inc. (NYSE:EXR) Holdings Cut by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its holdings in Extra Space Storage Inc. (NYSE:EXR) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,439 shares of the real estate investment trust’s stock after selling 398 shares during the period. Avantax Advisory Services Inc.’s holdings in Extra Space Storage were worth $2,758,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC raised its holdings in shares of Extra Space Storage by 5.5% during the third quarter. Aptus Capital Advisors LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 82 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 valued at $30,138,000 after acquiring an additional 25,321 shares during the period. Huntington National Bank increased its stake in shares of Extra Space Storage by 5.8% during the third quarter. Huntington National Bank now owns 1,878 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 103 shares during the period. KBC Group NV increased its stake in shares of Extra Space Storage by 351.2% during the third quarter. KBC Group NV now owns 158,401 shares of the real estate investment trust’s stock valued at $28,542,000 after acquiring an additional 123,298 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Extra Space Storage by 2.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,376 shares of the real estate investment trust’s stock valued at $1,149,000 after acquiring an additional 182 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.4 %

NYSE EXR opened at $145.03 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 cap of $30.75 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 7.76 and a beta of 0.90. The firm’s 50 day moving average price is $152.94 and its two-hundred day moving average price is $162.10.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.93. The company had revenue of $821.90 million during the quarter, compared to analyst estimates of $707.34 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. Equities analysts anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Friday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is currently 160.40%.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction 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 owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William N. Springer sold 1,220 shares of Extra Space Storage stock in a transaction on Friday, February 28th. The shares were sold at an average price of $152.66, for a total transaction of $186,245.20. Following the sale, the executive vice president now directly owns 20,158 shares of the company’s stock, valued at $3,077,320.28. This trade represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock valued at $1,396,515 in the last quarter. Company insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

EXR has been the topic of a number of research analyst reports. Barclays lowered 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 note on Wednesday. StockNews.com lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Wells Fargo & Company decreased 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 research report on Friday, February 21st. The Goldman Sachs Group restated a “buy” rating on shares of Extra Space Storage in a research report on Thursday, March 6th. Finally, Scotiabank decreased their price target on shares of Extra Space Storage from $167.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.09.

About Extra Space Storage

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.