Extra Space Storage Inc. (NYSE:EXR) Stock Position Raised by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,988 shares of the real estate investment trust’s stock after acquiring an additional 1,213 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Extra Space Storage were worth $1,494,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Greenleaf Trust lifted its stake in Extra Space Storage by 15.0% during the fourth quarter. Greenleaf Trust now owns 2,160 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 282 shares in the last quarter. Golden State Equity Partners raised its stake in Extra Space Storage by 36.1% during the 4th quarter. Golden State Equity Partners now owns 3,245 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 861 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Extra Space Storage by 7.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,852 shares of the real estate investment trust’s stock valued at $1,025,000 after purchasing an additional 476 shares during the period. Cibc World Market Inc. raised its stake in Extra Space Storage by 6.1% during the 4th quarter. Cibc World Market Inc. now owns 120,834 shares of the real estate investment trust’s stock valued at $18,077,000 after purchasing an additional 6,899 shares during the period. Finally, Manning & Napier Advisors LLC raised its stake in Extra Space Storage by 1,127.2% during the 4th quarter. Manning & Napier Advisors LLC now owns 781,986 shares of the real estate investment trust’s stock valued at $116,985,000 after purchasing an additional 718,266 shares during the period. 99.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on EXR shares. StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Scotiabank raised shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 target price for the company in a research note on Friday, January 10th. Barclays decreased their target price on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI decreased 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 research note on Monday, October 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $174.00.

Extra Space Storage Stock Down 0.5 %

Extra Space Storage stock opened at $151.98 on Wednesday. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 7.67 and a beta of 0.91. The company’s 50 day simple moving average is $154.45 and its 200 day simple moving average is $164.48. 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 Inc. has a fifty-two week low of $131.02 and a fifty-two week high of $184.87.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $6.48 dividend on an annualized basis and a yield of 4.26%. Extra Space Storage’s payout ratio is 169.63%.

Insider Buying and Selling

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

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.