Taylor Frigon Capital Management LLC Has $2.25 Million Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Taylor Frigon Capital Management LLC reduced its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.9% during the third quarter, Holdings Channel reports. The institutional investor owned 12,458 shares of the real estate investment trust’s stock after selling 374 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Extra Space Storage were worth $2,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of Extra Space Storage during the first quarter valued at approximately $130,554,000. Janus Henderson Group PLC raised its holdings in shares of Extra Space Storage by 2,244.2% in the 1st quarter. Janus Henderson Group PLC now owns 597,729 shares of the real estate investment trust’s stock worth $87,824,000 after acquiring an additional 572,231 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Extra Space Storage by 43.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust’s stock valued at $228,899,000 after acquiring an additional 473,559 shares in the last quarter. American Century Companies Inc. increased its holdings in Extra Space Storage by 543.5% during the 2nd quarter. American Century Companies Inc. now owns 397,170 shares of the real estate investment trust’s stock worth $61,724,000 after purchasing an additional 335,447 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Extra Space Storage in the first quarter worth approximately $33,912,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP William N. Springer sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total value of $350,660.00. Following the sale, the executive vice president now owns 11,919 shares of the company’s stock, valued at $2,089,758.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 2,823 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $177.01, for a total transaction of $499,699.23. Following the sale, the executive vice president now owns 32,855 shares in the company, valued at $5,815,663.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William N. Springer sold 2,000 shares of Extra Space Storage stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total value of $350,660.00. Following the completion of the transaction, the executive vice president now owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,970 shares of company stock worth $3,367,307 over the last quarter. 1.36% of the stock is currently owned by company insiders.

Extra Space Storage Stock Performance

Shares of NYSE EXR traded down $0.40 during trading on Thursday, reaching $168.66. 116,029 shares of the stock traded hands, compared to its average volume of 1,037,892. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $35.71 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 6.47 and a beta of 0.86. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $184.87. The company has a 50-day moving average of $174.54 and a 200-day moving average of $159.45.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, September 16th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXR. Barclays upped their price target on Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI lowered their target price on shares of Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a report on Monday, October 14th. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Truist Financial upped their price objective on shares of Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, KeyCorp lifted their target price on shares of Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and a consensus target price of $170.80.

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.