Extra Space Storage Inc. (NYSE:EXR) Stock Holdings Lifted by Mattson Financial Services LLC

Mattson Financial Services LLC lifted its position in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,044 shares of the real estate investment trust's stock after acquiring an additional 7,696 shares during the quarter. Mattson Financial Services LLC's holdings in Extra Space Storage were worth $2,699,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXR. Golden State Wealth Management LLC acquired a new position in shares of Extra Space Storage in the 4th quarter worth approximately $25,000. Harbour Investments Inc. boosted its position 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 purchasing an additional 80 shares during the period. Quent Capital LLC boosted its position in Extra Space Storage by 89.0% during the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 154 shares during the period. Asset Planning Inc acquired a new position in Extra Space Storage during the 4th quarter valued at approximately $52,000. Finally, Quarry LP boosted its position in 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 purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Extra Space Storage Trading Up 0.1%

Shares of Extra Space Storage stock traded up $0.08 on Friday, reaching $150.89. 1,450,370 shares of the company were exchanged, compared to its average volume of 1,060,288. The stock has a fifty day moving average price of $143.60 and a 200-day moving average price of $150.82. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 7.76 and a beta of 1.14. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a fifty-two week low of $121.03 and a fifty-two week high of $184.87.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.04. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $705.12 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. Extra Space Storage's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, June 16th. Extra Space Storage's payout ratio is 150.35%.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total transaction of $1,105,875.00. Following the transaction, the chief executive officer now directly owns 9,190 shares of the company's stock, valued at approximately $1,355,065.50. The trade was a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $100,195.20. Following the transaction, the director now directly owns 4,557 shares in the company, valued at $679,448.70. The trade was a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXR. Barclays reduced their price target on Extra Space Storage from $181.00 to $178.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Wall Street Zen upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Wells Fargo & Company reduced their price target on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reduced their price target on 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. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Extra Space Storage in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $159.38.

Extra Space Storage 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.