BOK Financial Private Wealth Inc. cut its holdings in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 85.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036 shares of the real estate investment trust's stock after selling 6,291 shares during the quarter. BOK Financial Private Wealth Inc.'s holdings in Extra Space Storage were worth $166,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its stake in shares of Extra Space Storage by 1,272.7% during the first quarter. First Horizon Advisors Inc. now owns 151 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Extra Space Storage by 241.9% in the third quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 150 shares during the period. Money Concepts Capital Corp acquired a new stake in Extra Space Storage during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC grew its holdings in Extra Space Storage by 162.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Extra Space Storage in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 99.11% of the company's stock.
Extra Space Storage Price Performance
Shares of Extra Space Storage stock traded down $2.96 during midday trading on Monday, hitting $137.73. 1,490,029 shares of the company were exchanged, compared to its average volume of 1,177,755. The firm has a 50 day simple moving average of $143.28 and a 200-day simple moving average of $137.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $29.15 billion, a P/E ratio of 27.88, a PEG ratio of 3.46 and a beta of 0.74. Extra Space Storage Inc. has a 52 week low of $101.19 and a 52 week high of $164.99.
Extra Space Storage (NYSE:EXR - Get Free Report) last posted its earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a return on equity of 8.34% and a net margin of 31.81%. The firm had revenue of $797.77 million during the quarter, compared to the consensus estimate of $778.05 million. During the same period in the previous year, the company posted $2.09 EPS. The firm's revenue for the quarter was up 57.4% compared to the same quarter last year. Research analysts forecast that Extra Space Storage Inc. will post 8.05 earnings per share for the current year.
Extra Space Storage Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Thursday, March 14th. Extra Space Storage's payout ratio is currently 131.17%.
Insider Buying and Selling
In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $146.46, for a total transaction of $299,950.08. Following the completion of the sale, the chief marketing officer now directly owns 94,126 shares of the company's stock, valued at approximately $13,785,693.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Samrat Sondhi sold 2,048 shares of Extra Space Storage stock in a transaction on Monday, March 4th. The shares were sold at an average price of $146.46, for a total transaction of $299,950.08. Following the transaction, the chief marketing officer now directly owns 94,126 shares of the company's stock, valued at $13,785,693.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the sale, the executive vice president now owns 37,028 shares of the company's stock, valued at approximately $5,369,060. The disclosure for this sale can be found here. Insiders have sold a total of 3,532 shares of company stock worth $514,819 in the last three months. Insiders own 1.36% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on EXR shares. Truist Financial raised their price objective on Extra Space Storage from $138.00 to $152.00 and gave the company a "hold" rating in a research note on Thursday, December 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Extra Space Storage in a research note on Tuesday, January 30th. They issued a "hold" rating and a $141.00 price target for the company. Scotiabank assumed coverage on shares of Extra Space Storage in a research note on Tuesday, February 13th. They set a "sector underperform" rating and a $131.00 price objective on the stock. Morgan Stanley raised Extra Space Storage from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $115.00 to $150.00 in a research report on Thursday, December 21st. Finally, Barclays began coverage on Extra Space Storage in a research report on Wednesday, March 27th. They set an "overweight" rating and a $157.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $150.17.
Check Out Our Latest Research Report on EXR
Extra Space Storage Profile
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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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