Whittier Trust Co. Acquires 72 Shares of Extra Space Storage Inc. (NYSE:EXR)

Whittier Trust Co. grew its holdings in shares of Extra Space Storage Inc. (NYSE:EXRFree Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,656 shares of the real estate investment trust’s stock after acquiring an additional 72 shares during the quarter. Whittier Trust Co.’s holdings in Extra Space Storage were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. grew its holdings in Extra Space Storage by 1,272.7% in the 1st quarter. First Horizon Advisors Inc. now owns 151 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 140 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Extra Space Storage by 241.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Money Concepts Capital Corp bought a new stake in shares of Extra Space Storage in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Extra Space Storage by 162.5% during the third quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 143 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Extra Space Storage during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $146.46, for a total transaction of $299,950.08. Following the transaction, the chief marketing officer now owns 94,126 shares in the company, valued at approximately $13,785,693.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Samrat Sondhi sold 2,048 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $146.46, for a total value of $299,950.08. Following the transaction, the chief marketing officer now owns 94,126 shares in the company, valued at approximately $13,785,693.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the transaction, the executive vice president now owns 37,028 shares in the company, valued at approximately $5,369,060. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,532 shares of company stock worth $514,819. Company insiders own 1.55% of the company’s stock.

Extra Space Storage Trading Down 0.6 %

Shares of NYSE EXR opened at $140.50 on Tuesday. The firm’s 50 day moving average price is $143.71 and its 200-day moving average price is $135.23. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $165.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $29.73 billion, a PE ratio of 28.44, a P/E/G ratio of 3.47 and a beta of 0.74.

Extra Space Storage (NYSE:EXRGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a net margin of 31.81% and a return on equity of 8.34%. The business had revenue of $797.77 million during the quarter, compared to the consensus estimate of $778.05 million. During the same period last year, the company posted $2.09 earnings per share. The business’s revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts expect that Extra Space Storage Inc. will post 8.04 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, March 14th. Extra Space Storage’s dividend payout ratio is currently 131.17%.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of research analyst reports. Scotiabank assumed coverage on shares of Extra Space Storage in a research report on Tuesday, February 13th. They set a “sector underperform” rating and a $131.00 price objective on the stock. StockNews.com downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. TheStreet upgraded shares of Extra Space Storage from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Wells Fargo & Company reduced their target price on Extra Space Storage from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Extra Space Storage in a research report on Tuesday, January 30th. They set a “hold” rating and a $141.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $149.33.

Get Our Latest Research Report on EXR

About Extra Space Storage

(Free Report)

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.

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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