Swiss National Bank Trims Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Swiss National Bank lessened its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,627 shares of the real estate investment trust's stock after selling 18,800 shares during the quarter. Swiss National Bank owned about 0.31% of Extra Space Storage worth $105,918,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EXR. Zions Bancorporation N.A. lifted its position in 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 worth $26,000 after buying an additional 150 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Extra Space Storage during the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $28,000 after purchasing an additional 143 shares during the period. Bruce G. Allen Investments LLC bought a new position in Extra Space Storage during the 4th quarter valued at about $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Extra Space Storage in the 3rd quarter worth about $32,000. Institutional investors own 99.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EXR. Scotiabank began coverage on Extra Space Storage in a research note on Tuesday, February 13th. They set a "sector underperform" rating and a $131.00 target price on the stock. StockNews.com downgraded Extra Space Storage from a "hold" rating to a "sell" rating in a research report on Saturday, March 2nd. Barclays began coverage on shares of Extra Space Storage in a report on Wednesday, March 27th. They issued an "overweight" rating and a $157.00 price target on the stock. Evercore ISI decreased their price objective on shares of Extra Space Storage from $145.00 to $139.00 in a report on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of Extra Space Storage from $168.00 to $187.00 and gave the stock a "buy" rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $149.67.

Insider Transactions at Extra Space Storage

In other news, CMO Samrat Sondhi sold 2,048 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the completion of the sale, the chief marketing officer now owns 94,126 shares of the company's stock, valued at approximately $13,785,693.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Samrat Sondhi sold 2,048 shares of the company's stock in a transaction dated 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 owns 94,126 shares in the company, valued at $13,785,693.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction that occurred on Thursday, March 7th. The stock was 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 $5,369,060. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,532 shares of company stock valued at $514,819. Corporate insiders own 1.36% of the company's stock.

Extra Space Storage Stock Up 1.5 %

Shares of NYSE:EXR traded up $2.08 on Friday, reaching $141.87. The company had a trading volume of 969,162 shares, compared to its average volume of 1,172,821. The firm has a market capitalization of $30.02 billion, a PE ratio of 31.60, a PEG ratio of 3.48 and a beta of 0.76. The company has a current ratio of 0.15, a quick ratio of 0.30 and a debt-to-equity ratio of 0.73. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $164.99. The firm's 50 day simple moving average is $141.56 and its 200-day simple moving average is $139.00.

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 (EPS) for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a net margin of 29.10% and a return on equity of 6.76%. The company had revenue of $797.77 million during the quarter, compared to analysts' expectations of $778.05 million. During the same quarter last year, the firm earned $2.09 EPS. Extra Space Storage's revenue for the quarter was up 57.4% on a year-over-year basis. As a group, analysts expect that Extra Space Storage Inc. will post 8.05 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.57%. The ex-dividend date was Thursday, March 14th. Extra Space Storage's dividend payout ratio is currently 144.32%.

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.