Deutsche Bank AG lifted its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 603,143 shares of the real estate investment trust's stock after buying an additional 53,851 shares during the period. Deutsche Bank AG owned about 0.28% of Extra Space Storage worth $90,230,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of EXR. Oregon Public Employees Retirement Fund lifted its position in shares of Extra Space Storage by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust's stock worth $2,717,000 after purchasing an additional 66 shares during the period. Wedge Capital Management L L P NC raised its stake in Extra Space Storage by 1.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust's stock worth $769,000 after buying an additional 68 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Extra Space Storage by 14.9% in the fourth quarter. Lindbrook Capital LLC now owns 523 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 68 shares during the period. Aptus Capital Advisors LLC boosted its position in Extra Space Storage by 4.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the real estate investment trust's stock valued at $245,000 after acquiring an additional 68 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Extra Space Storage by 5.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock worth $199,000 after acquiring an additional 73 shares during the period. 99.11% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Extra Space Storage
In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the transaction, the chief executive officer now owns 9,190 shares in the company, valued at $1,355,065.50. This trade represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph J. Bonner sold 672 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $149.10, for a total value of $100,195.20. Following the sale, the director now owns 4,557 shares of the company's stock, valued at $679,448.70. This trade represents a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,392 shares of company stock worth $1,392,315. Insiders own 0.96% of the company's stock.
Extra Space Storage Price Performance
Shares of NYSE:EXR opened at $148.72 on Monday. Extra Space Storage Inc. has a twelve month low of $121.03 and a twelve month high of $184.87. The stock's 50 day moving average is $143.80 and its 200-day moving average is $152.51. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 7.76 and a beta of 1.14.
Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $705.12 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. Sell-side analysts forecast that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.
Extra Space Storage Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.62 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.48 annualized dividend and a yield of 4.36%. Extra Space Storage's payout ratio is 150.35%.
Analyst Upgrades and Downgrades
EXR has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Extra Space Storage from $144.00 to $149.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Mizuho assumed coverage on Extra Space Storage in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 price target on the stock. Barclays cut their price target 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. Scotiabank upgraded shares of Extra Space Storage from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the company from $165.00 to $149.00 in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Extra Space Storage in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.42.
Check Out Our Latest Stock Report on EXR
About Extra Space Storage
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc. (NYSE:EXR - Free Report).
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