4,964 Shares in Extra Space Storage Inc. (NYSE:EXR) Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC bought a new stake in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,964 shares of the real estate investment trust's stock, valued at approximately $743,000.

Several other large investors also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC purchased a new stake in Extra Space Storage in the fourth quarter worth $14,221,000. Virtus ETF Advisers LLC raised its stake in Extra Space Storage by 22.4% in the 4th quarter. Virtus ETF Advisers LLC now owns 7,851 shares of the real estate investment trust's stock valued at $1,175,000 after acquiring an additional 1,438 shares during the period. Three Seasons Wealth LLC purchased a new stake in Extra Space Storage during the fourth quarter valued at about $449,000. Integrated Wealth Concepts LLC bought a new position in Extra Space Storage during the fourth quarter worth about $215,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Extra Space Storage in the fourth quarter worth about $19,164,000. Hedge funds and other institutional investors own 99.11% of the company's stock.

Extra Space Storage Price Performance

Shares of NYSE EXR traded up $0.07 during mid-day trading on Monday, reaching $149.63. 116,767 shares of the company were exchanged, compared to its average volume of 1,269,854. Extra Space Storage Inc. has a 52 week low of $121.03 and a 52 week high of $184.87. The company's 50 day moving average price is $144.35 and its 200 day moving average price is $153.21. The stock has a market capitalization of $31.75 billion, a PE ratio of 39.17, a PEG ratio of 7.76 and a beta of 0.96. 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 (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.04. The firm had revenue of $820.00 million during the quarter, compared to analyst estimates of $705.12 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. Sell-side analysts forecast that Extra Space Storage Inc. will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Friday, March 14th. Extra Space Storage's dividend payout ratio (DPR) is presently 150.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Extra Space Storage in a report on Thursday, March 6th. Mizuho initiated coverage on Extra Space Storage in a research report on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 price target for the company. Barclays dropped their price objective on Extra Space Storage from $184.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Wells Fargo & Company reduced their target price on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Finally, StockNews.com raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.42.

Insiders Place Their Bets

In other news, EVP William N. Springer sold 1,220 shares of the firm's stock in a transaction dated 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 directly owns 20,158 shares of the company's stock, valued at approximately $3,077,320.28. This trade represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total value 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. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,392 shares of company stock valued at $1,392,315. 0.96% of the stock is currently owned by corporate insiders.

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.