Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,205 shares of the real estate investment trust's stock after selling 2,554 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Extra Space Storage were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXR. Golden State Wealth Management LLC acquired a new position in Extra Space Storage during the fourth quarter worth $25,000. Harbour Investments Inc. raised its holdings in shares of Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 80 shares during the period. Quent Capital LLC boosted its position in shares of Extra Space Storage by 89.0% during the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 154 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Extra Space Storage during the 4th quarter valued at about $52,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Extra Space Storage in the fourth quarter valued at about $54,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EXR shares. Scotiabank raised shares of Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $165.00 to $149.00 in a research note on Wednesday, April 9th. Mizuho started coverage on shares of Extra Space Storage in a research report on Wednesday, April 9th. They set an "outperform" rating and a $141.00 price target on the stock. Royal Bank of Canada lowered their price objective on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday. Evercore ISI lifted their target price on Extra Space Storage from $144.00 to $149.00 and gave the company an "in-line" rating in a research report on Thursday. Finally, StockNews.com upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Extra Space Storage currently has an average rating of "Moderate Buy" and an average price target of $165.42.

Extra Space Storage Trading Up 1.3 %

NYSE:EXR traded up $1.94 on Thursday, reaching $148.46. 1,467,697 shares of the company's stock were exchanged, compared to its average volume of 1,063,061. The business has a fifty day moving average of $144.80 and a 200-day moving average of $153.76. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 52-week low of $121.03 and a 52-week high of $184.87. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 7.76 and a beta of 0.96.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.04. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $705.12 million. During the same period in the prior year, the firm earned $1.96 EPS. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $1.62 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.36%. Extra Space Storage's dividend payout ratio (DPR) is presently 160.40%.

Insider Buying and Selling

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the completion of the sale, the chief executive officer now directly owns 9,190 shares of the company's stock, valued at approximately $1,355,065.50. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William N. Springer sold 1,220 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $152.66, for a total transaction of $186,245.20. Following the transaction, the executive vice president now owns 20,158 shares of the company's stock, valued at approximately $3,077,320.28. The trade was 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 $1,392,315 in the last three months. 1.36% of the stock is owned by corporate insiders.

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.