Extra Space Storage Inc. (NYSE:EXR) Shares Bought by Golden State Equity Partners

Golden State Equity Partners lifted its position in Extra Space Storage Inc. (NYSE:EXR) by 36.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,245 shares of the real estate investment trust’s stock after acquiring an additional 861 shares during the quarter. Golden State Equity Partners’ holdings in Extra Space Storage were worth $485,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $42,000. Continuum Advisory LLC grew its position in shares of Extra Space Storage by 68.1% in the 3rd quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 126 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Extra Space Storage in the 3rd quarter worth approximately $129,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Extra Space Storage by 13.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 861 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank upgraded Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price objective for the company in a research report on Friday, January 10th. Evercore ISI reduced their price objective on Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a research report on Monday, October 14th. Barclays reduced their price objective on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Truist Financial boosted their price objective on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $174.00.

Extra Space Storage Stock Down 0.5 %

EXR opened at $153.98 on Monday. Extra Space Storage Inc. has a one year low of $131.02 and a one year high of $184.87. 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 stock’s fifty day moving average is $154.80 and its 200-day moving average is $164.60. The company has a market capitalization of $32.64 billion, a PE ratio of 40.31, a P/E/G ratio of 7.62 and a beta of 0.91.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Monday, December 16th. Extra Space Storage’s dividend payout ratio is presently 169.63%.

Insider Transactions at Extra Space Storage

In other news, Director Diane Olmstead sold 3,081 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $164.56, for a total value of $507,009.36. Following the sale, the director now owns 5,877 shares of the company’s stock, valued at approximately $967,119.12. The trade was a 34.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

About Extra Space Storage

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.