Ensign Peak Advisors Inc Has $46.45 Million Stock Position in Extra Space Storage Inc. (NYSE:EXR)

Ensign Peak Advisors Inc raised its holdings in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,496 shares of the real estate investment trust's stock after buying an additional 5,629 shares during the quarter. Ensign Peak Advisors Inc owned about 0.15% of Extra Space Storage worth $46,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in shares of Extra Space Storage in the 4th quarter valued at $25,000. Harbour Investments Inc. increased its position in shares of Extra Space Storage by 90.9% during the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Quent Capital LLC raised its stake in shares of Extra Space Storage by 89.0% in 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 period. Asset Planning Inc acquired a new position in shares of Extra Space Storage in the 4th quarter worth approximately $52,000. Finally, Quarry LP boosted its position in shares of Extra Space Storage by 156.1% during the 4th quarter. Quarry LP now owns 356 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 217 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Up 1.5%

Extra Space Storage stock traded up $2.17 during mid-day trading on Thursday, hitting $147.98. 310,827 shares of the company's stock were exchanged, compared to its average volume of 1,053,093. Extra Space Storage Inc. has a 1-year low of $121.03 and a 1-year high of $184.87. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $143.25 and a two-hundred day moving average of $152.31. The stock has a market cap of $31.40 billion, a P/E ratio of 38.69, a P/E/G ratio of 7.76 and a beta of 1.14.

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, beating the consensus estimate of $1.96 by $0.04. The firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $705.12 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 EPS. As a group, analysts anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.48 annualized dividend and a dividend yield of 4.38%. Extra Space Storage's dividend payout ratio is presently 150.35%.

Insider Transactions at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph J. Bonner sold 672 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $149.10, for a total transaction of $100,195.20. Following the sale, the director now owns 4,557 shares of the company's stock, valued at $679,448.70. The trade was a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,392 shares of company stock valued at $1,392,315. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on EXR shares. Royal Bank of Canada lowered their target price on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Benchmark reduced their target price on shares of Extra Space Storage from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their target price on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. StockNews.com raised Extra Space Storage from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Barclays cut 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 report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $158.69.

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.