Jefferies Financial Group Inc. Has $995,000 Stake in Extra Space Storage Inc. (NYSE:EXR)

Jefferies Financial Group Inc. cut its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 26.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,653 shares of the real estate investment trust's stock after selling 2,347 shares during the period. Jefferies Financial Group Inc.'s holdings in Extra Space Storage were worth $995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in shares of Extra Space Storage by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust's stock valued at $2,717,000 after acquiring an additional 66 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of 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 acquiring an additional 68 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Extra Space Storage by 4.3% in 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 in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Extra Space Storage by 5.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock valued at $199,000 after acquiring an additional 73 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in shares of Extra Space Storage by 2.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,449 shares of the real estate investment trust's stock valued at $516,000 after acquiring an additional 75 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXR shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Extra Space Storage in a research report on Thursday, March 6th. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. 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 for the company in a research report on Thursday, May 1st. Bank of America upped their price objective on shares of Extra Space Storage from $155.00 to $161.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Benchmark cut their price objective on shares of Extra Space Storage from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Extra Space Storage has an average rating of "Moderate Buy" and an average price target of $159.38.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the completion of the sale, the chief executive officer now owns 9,190 shares of the company's stock, valued at approximately $1,355,065.50. This represents a 44.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph J. Bonner sold 672 shares of the stock in a transaction that occurred 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 directly owns 4,557 shares of the company's stock, valued at $679,448.70. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Extra Space Storage Price Performance

Shares of EXR traded up $1.85 during mid-day trading on Monday, reaching $153.00. The company had a trading volume of 1,123,016 shares, compared to its average volume of 1,060,539. The company's 50 day simple moving average is $143.75 and its 200 day simple moving average is $150.74. Extra Space Storage Inc. has a 1-year low of $121.03 and a 1-year high of $184.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $32.47 billion, a price-to-earnings ratio of 40.05, a P/E/G ratio of 7.76 and a beta of 1.14.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.04. The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $705.12 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.96 EPS. Analysts expect that Extra Space Storage Inc. will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.24%. Extra Space Storage's dividend payout ratio (DPR) is presently 150.35%.

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.