1,268 Shares in Extra Space Storage Inc. (NYSE:EXR) Acquired by D Orazio & Associates Inc.

D Orazio & Associates Inc. purchased a new stake in Extra Space Storage Inc. (NYSE:EXR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,268 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXR. Pathway Financial Advisers LLC lifted its holdings in shares of Extra Space Storage by 17,832.9% in the third quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust’s stock valued at $363,783,000 after purchasing an additional 2,007,626 shares in the last quarter. Boston Partners acquired a new stake in Extra Space Storage in the 1st quarter valued at approximately $130,554,000. Janus Henderson Group PLC lifted its stake in 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 valued at $87,824,000 after acquiring an additional 572,231 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Extra Space Storage by 43.7% during the first quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust’s stock worth $228,899,000 after purchasing an additional 473,559 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of 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 buying an additional 335,447 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the completion of the sale, the chief executive officer now owns 24,190 shares of the company’s stock, valued at approximately $4,318,398.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP William N. Springer sold 2,000 shares of Extra Space Storage stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total value of $350,660.00. Following the transaction, the executive vice president now owns 11,919 shares in the company, valued at approximately $2,089,758.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $178.52, for a total value of $1,338,900.00. Following the transaction, the chief executive officer now directly owns 24,190 shares of the company’s stock, valued at $4,318,398.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,970 shares of company stock valued at $3,367,307 in the last ninety days. 1.36% of the stock is currently owned by company insiders.

Extra Space Storage Price Performance

Shares of NYSE EXR traded up $1.28 during midday trading on Wednesday, reaching $163.84. The company’s stock had a trading volume of 179,448 shares, compared to its average volume of 1,035,420. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $34.73 billion, a P/E ratio of 42.56, a P/E/G ratio of 6.22 and a beta of 0.87. The business’s 50 day moving average price is $172.39 and its two-hundred day moving average price is $162.04. Extra Space Storage Inc. has a fifty-two week low of $122.02 and a fifty-two week high of $184.87.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($1.12). The company had revenue of $824.80 million during the quarter, compared to analyst estimates of $826.93 million. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. Extra Space Storage’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. On average, analysts forecast that Extra Space Storage Inc. will post 8.08 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $6.48 dividend on an annualized basis and a yield of 3.96%. Extra Space Storage’s payout ratio is 169.63%.

Analyst Ratings Changes

EXR has been the subject of several recent analyst reports. StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Barclays raised their price objective on Extra Space Storage from $188.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Jefferies Financial Group raised Extra Space Storage from a “hold” rating to a “buy” rating and boosted their target price for the stock from $162.00 to $204.00 in a report on Wednesday, September 18th. Royal Bank of Canada initiated coverage on Extra Space Storage in a report on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price target for the company. Finally, Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $172.00 to $155.00 in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.50.

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.