Extra Space Storage Inc (NYSE:EXR) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in Extra Space Storage Inc (NYSE:EXR - Free Report) by 1,311.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,542 shares of the real estate investment trust's stock after buying an additional 3,291 shares during the period. Larson Financial Group LLC's holdings in Extra Space Storage were worth $526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in 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 during the last quarter. Quarry LP grew its holdings in shares of Extra Space Storage by 156.1% in 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 last quarter. Golden State Wealth Management LLC grew its holdings in 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 worth $60,000 after acquiring an additional 241 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at approximately $62,000. Finally, Wayfinding Financial LLC bought a new position in shares of Extra Space Storage during the 1st quarter worth approximately $76,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 on Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total value of $1,127,625.00. Following the completion of the sale, the chief executive officer directly owned 27,260 shares in the company, valued at $4,098,541. This represents a 21.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.96% of the company's stock.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $147.41 on Friday. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $184.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $31.28 billion, a PE ratio of 34.20, a PEG ratio of 3.61 and a beta of 1.10. The firm has a 50 day moving average of $148.93 and a 200-day moving average of $148.39.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted 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 27.84% and a return on equity of 6.11%. The firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $705.12 million. During the same quarter last year, the company earned $1.96 earnings per share. The company's revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict 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, June 30th. Investors of record on Monday, June 16th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, June 16th. Extra Space Storage's dividend payout ratio (DPR) is 150.35%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXR shares. Barclays reduced their price target on 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 Extra Space Storage from $61.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Scotiabank boosted their price target on Extra Space Storage from $149.00 to $166.00 and gave the company a "sector outperform" rating in a report on Monday, May 12th. Wall Street Zen raised Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada lowered their price objective on 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus 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.

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