Natixis Advisors L.P. Purchases 39,116 Shares of Extra Space Storage Inc. (NYSE:EXR)

Natixis Advisors L.P. grew its position in Extra Space Storage Inc. (NYSE:EXR - Free Report) by 67.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,284 shares of the real estate investment trust's stock after buying an additional 39,116 shares during the quarter. Natixis Advisors L.P.'s holdings in Extra Space Storage were worth $15,596,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. raised its position in shares of Extra Space Storage by 241.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 150 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Extra Space Storage in the 4th quarter worth $35,000. EverSource Wealth Advisors LLC raised its position in shares of Extra Space Storage by 162.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 143 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Extra Space Storage in the 4th quarter worth $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Extra Space Storage in the 3rd quarter worth $32,000. 99.11% of the stock is owned by institutional investors.

Insider Transactions at Extra Space Storage

In other news, CMO Samrat Sondhi sold 2,048 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the sale, the chief marketing officer now owns 94,126 shares in the company, valued at $13,785,693.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total value of $195,750.00. Following the transaction, the executive vice president now owns 37,028 shares in the company, valued at approximately $5,369,060. The disclosure for this sale can be found here. Insiders have sold 3,532 shares of company stock worth $514,819 over the last quarter. 1.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Extra Space Storage from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Scotiabank assumed coverage on Extra Space Storage in a research report on Tuesday, February 13th. They set a "sector underperform" rating and a $131.00 target price on the stock. The Goldman Sachs Group upped their target price on Extra Space Storage from $168.00 to $187.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Raymond James reaffirmed an "outperform" rating and set a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. Finally, Evercore ISI reduced their target price on Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $149.67.

Extra Space Storage Stock Performance

Shares of EXR stock traded up $0.62 during mid-day trading on Tuesday, reaching $143.30. The stock had a trading volume of 1,128,936 shares, compared to its average volume of 1,184,994. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $164.99. The company has a current ratio of 0.15, a quick ratio of 0.30 and a debt-to-equity ratio of 0.73. The firm has a market cap of $30.33 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.48 and a beta of 0.76. The business's fifty day moving average is $141.63 and its 200-day moving average is $139.21.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $2.03 by ($1.01). Extra Space Storage had a return on equity of 6.76% and a net margin of 29.10%. The company had revenue of $797.77 million during the quarter, compared to analysts' expectations of $778.05 million. During the same quarter in the previous year, the company earned $2.09 EPS. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. On average, research analysts forecast that Extra Space Storage Inc. will post 8.05 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $1.62 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.52%. Extra Space Storage's payout ratio is 144.32%.

Extra Space Storage Company 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.