Extra Space Storage Inc (NYSE:EXR) Stock Holdings Trimmed by Chilton Capital Management LLC

Chilton Capital Management LLC decreased its holdings in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,536 shares of the real estate investment trust's stock after selling 3,616 shares during the quarter. Chilton Capital Management LLC's holdings in Extra Space Storage were worth $6,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EXR. Harbour Investments Inc. lifted 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 valued at $25,000 after acquiring an additional 80 shares in the last quarter. Quarry LP lifted its holdings 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 valued at $53,000 after acquiring an additional 217 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Extra Space Storage by 147.0% during the 1st quarter. Golden State Wealth Management LLC now owns 405 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 241 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Extra Space Storage during the 4th quarter valued at $62,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Extra Space Storage during the 1st quarter valued at $76,000. Institutional investors and hedge funds own 99.11% of the company's stock.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $150.35, for a total value of $1,127,625.00. Following the completion of the transaction, the chief executive officer owned 27,260 shares in the company, valued at approximately $4,098,541. This represents a 21.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Stock Performance

Shares of NYSE:EXR traded up $0.83 during trading on Tuesday, reaching $149.82. 336,143 shares of the company's stock traded hands, compared to its average volume of 1,062,540. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.33 and a quick ratio of 0.33. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $184.87. The company has a 50 day moving average of $148.64 and a 200-day moving average of $148.37. The stock has a market capitalization of $31.79 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 3.71 and a beta of 1.10.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.04. Extra Space Storage had a net margin of 27.84% and a return on equity of 6.11%. The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $705.12 million. During the same quarter in the prior year, the firm earned $1.96 EPS. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Monday, June 16th. Extra Space Storage's dividend payout ratio is presently 150.35%.

Wall Street Analyst Weigh In

EXR has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on shares of Extra Space Storage in a report on Tuesday, June 24th. They issued a "neutral" rating and a $156.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Extra Space Storage from $144.00 to $149.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Barclays cut their price objective on shares of Extra Space Storage from $181.00 to $178.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Benchmark cut their price objective 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, May 13th. Finally, Royal Bank Of Canada cut their price objective on shares of Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Extra Space Storage presently has an average rating of "Hold" and an average price target of $159.29.

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.