XTX Topco Ltd acquired a new stake in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,953 shares of the real estate investment trust's stock, valued at approximately $2,220,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in Extra Space Storage by 4.3% during 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. Siemens Fonds Invest GmbH grew its stake in Extra Space Storage by 3.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 2,320 shares of the real estate investment trust's stock valued at $342,000 after acquiring an additional 68 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Extra Space Storage by 5.8% during 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. Exchange Traded Concepts LLC grew its stake in Extra Space Storage by 8.5% during the first quarter. Exchange Traded Concepts LLC now owns 934 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 73 shares in the last quarter. Finally, Naviter Wealth LLC grew its stake in Extra Space Storage by 0.6% during the first quarter. Naviter Wealth LLC now owns 13,645 shares of the real estate investment trust's stock valued at $2,007,000 after acquiring an additional 82 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Barclays cut their target price on shares of Extra Space Storage from $181.00 to $178.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. BNP Paribas Exane assumed coverage on shares of Extra Space Storage in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $156.00 price objective for the company. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Benchmark dropped 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 note on Tuesday, May 13th. Finally, Royal Bank Of Canada dropped 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 note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $157.69.
Check Out Our Latest Analysis on EXR
Insider Activity
In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on 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 transaction, the chief executive officer owned 27,260 shares of the company's stock, valued at $4,098,541. The trade was a 21.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by insiders.
Extra Space Storage Trading Up 3.7%
Shares of EXR stock traded up $4.94 during trading hours on Friday, reaching $139.30. 3,193,447 shares of the stock were exchanged, compared to its average volume of 1,158,568. 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 0.29, a quick ratio of 0.33 and a debt-to-equity ratio of 0.88. The company's 50-day moving average price is $148.91 and its 200-day moving average price is $148.39. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 3.26 and a beta of 1.07.
Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.05 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.01). Extra Space Storage had a net margin of 29.51% and a return on equity of 6.69%. The company had revenue of $841.62 million for the quarter, compared to the consensus estimate of $719.43 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Extra Space Storage Inc will post 8.1 earnings per share for the current year.
Extra Space Storage Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $1.62 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.7%. Extra Space Storage's payout ratio is presently 150.35%.
About Extra Space Storage
(
Free Report)
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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