Tudor Investment Corp ET AL Sells 92,103 Shares of Extra Space Storage Inc. (NYSE:EXR)

Tudor Investment Corp ET AL reduced its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,107 shares of the real estate investment trust's stock after selling 92,103 shares during the quarter. Tudor Investment Corp ET AL owned about 0.07% of Extra Space Storage worth $22,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXR. Golden State Wealth Management LLC bought a new stake in shares of Extra Space Storage during the 4th quarter worth $25,000. Harbour Investments Inc. boosted its stake in shares of Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Extra Space Storage by 89.0% during the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 154 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Extra Space Storage during the 4th quarter worth $52,000. Finally, Quarry LP boosted its stake in shares of Extra Space Storage by 156.1% during the 4th quarter. Quarry LP now owns 356 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 217 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Extra Space Storage news, EVP William N. Springer sold 1,220 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $152.66, for a total transaction of $186,245.20. Following the completion of the sale, the executive vice president now owns 20,158 shares of the company's stock, valued at $3,077,320.28. This represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the sale, the chief executive officer now directly owns 9,190 shares of the company's stock, valued at $1,355,065.50. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock valued at $1,392,315 over the last 90 days. 1.36% of the stock is currently owned by company insiders.

Extra Space Storage Stock Up 1.3 %

NYSE:EXR traded up $1.94 during mid-day trading on Thursday, reaching $148.46. The stock had a trading volume of 1,467,697 shares, compared to its average volume of 1,059,231. The business's 50 day moving average is $144.80 and its 200 day moving average is $153.76. Extra Space Storage Inc. has a fifty-two week low of $121.03 and a fifty-two week high of $184.87. The stock has a market cap of $31.51 billion, a P/E ratio of 38.86, a PEG ratio of 7.76 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23.

Extra Space Storage (NYSE:EXR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.04. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $705.12 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.62 per share. The ex-dividend date was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.36%. Extra Space Storage's payout ratio is currently 160.40%.

Analyst Ratings Changes

Several research firms have recently weighed in on EXR. Wells Fargo & Company reduced their price objective on Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reduced their price objective on Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a research note on Thursday. The Goldman Sachs Group reiterated a "buy" rating on shares of Extra Space Storage in a report on Thursday, March 6th. Mizuho started coverage on Extra Space Storage in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $141.00 price objective for the company. Finally, Evercore ISI lifted their target price on Extra Space Storage from $144.00 to $149.00 and gave the company an "in-line" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Extra Space Storage currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.42.

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.