Toronto Dominion Bank Has $16.97 Million Stock Position in Extra Space Storage Inc. (NYSE:EXR)

Toronto Dominion Bank lowered its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,410 shares of the real estate investment trust's stock after selling 54,010 shares during the quarter. Toronto Dominion Bank owned 0.05% of Extra Space Storage worth $16,966,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXR. Oregon Public Employees Retirement Fund raised its stake in shares of Extra Space Storage by 0.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,160 shares of the real estate investment trust's stock worth $2,717,000 after buying an additional 66 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Extra Space Storage by 14.9% during the 4th quarter. Lindbrook Capital LLC now owns 523 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 68 shares during the period. Aptus Capital Advisors LLC grew its holdings in shares of Extra Space Storage by 4.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 68 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Extra Space Storage by 5.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 73 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in shares of Extra Space Storage by 2.2% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,449 shares of the real estate investment trust's stock worth $516,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 99.11% of the company's stock.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm's 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 directly owns 9,190 shares in the company, valued at approximately $1,355,065.50. This trade represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph J. Bonner sold 672 shares of the firm's 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 transaction, the director now directly owns 4,557 shares in the company, valued at approximately $679,448.70. The trade was a 12.85% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EXR shares. Royal Bank of Canada decreased their price target on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company dropped their price target on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Mizuho raised their price target on Extra Space Storage from $141.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank raised 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. Finally, Barclays lowered 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $159.38.

Extra Space Storage Trading Up 0.1%

EXR traded up $0.08 during trading on Friday, reaching $150.89. The company had a trading volume of 1,450,370 shares, compared to its average volume of 1,060,288. The firm's 50-day simple moving average is $143.60 and its 200 day simple moving average is $150.82. The company has a market cap of $32.02 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 7.76 and a beta of 1.14. Extra Space Storage Inc. has a 12-month low of $121.03 and a 12-month 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.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.04. The firm had revenue of $820.00 million for the quarter, compared to analysts' expectations 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 was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities research analysts anticipate that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $1.62 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.29%. Extra Space Storage's dividend payout ratio is currently 150.35%.

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.