Hantz Financial Services Inc. Has $5.54 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

Hantz Financial Services Inc. grew its holdings in Extra Space Storage Inc. (NYSE:EXR) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,729 shares of the real estate investment trust’s stock after buying an additional 900 shares during the period. Hantz Financial Services Inc.’s holdings in Extra Space Storage were worth $5,537,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC bought a new position in shares of Extra Space Storage during the second quarter worth approximately $16,026,000. MADDEN SECURITIES Corp bought a new position in shares of Extra Space Storage during the second quarter worth approximately $1,002,000. Tidal Investments LLC increased its stake in shares of Extra Space Storage by 262.5% during the first quarter. Tidal Investments LLC now owns 12,967 shares of the real estate investment trust’s stock worth $1,906,000 after purchasing an additional 9,390 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Extra Space Storage by 53.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,738 shares of the real estate investment trust’s stock worth $1,824,000 after purchasing an additional 4,102 shares during the period. Finally, Czech National Bank increased its stake in shares of Extra Space Storage by 8.5% during the second quarter. Czech National Bank now owns 40,346 shares of the real estate investment trust’s stock worth $6,270,000 after purchasing an additional 3,172 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXR. Wells Fargo & Company reiterated 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. Truist Financial raised their price objective on Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $172.00 to $155.00 in a research note on Monday, August 5th. KeyCorp raised their price objective on Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group upgraded Extra Space Storage from a “hold” rating to a “buy” rating and raised their price objective for the stock from $162.00 to $204.00 in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.36.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, Director Diane Olmstead sold 3,081 shares of Extra Space Storage stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $164.56, for a total transaction of $507,009.36. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated 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 in the company, valued at $4,318,398.80. The trade was a 23.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,228 shares of company stock valued at $3,023,957 in the last 90 days. 1.36% of the stock is owned by corporate insiders.

Extra Space Storage Trading Down 0.9 %

Shares of EXR opened at $171.21 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. Extra Space Storage Inc. has a 52-week low of $129.23 and a 52-week high of $184.87. The firm has a market cap of $36.29 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 8.69 and a beta of 0.87. The business’s fifty day moving average is $169.64 and its 200-day moving average is $164.31.

Extra Space Storage (NYSE:EXR) last released 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). Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm had revenue of $824.80 million for the quarter, compared to analyst estimates of $826.93 million. During the same period last year, the business earned $2.02 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Extra Space Storage Inc. will post 8.09 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, December 16th. Extra Space Storage’s dividend payout ratio (DPR) is 169.63%.

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.