Ameritas Advisory Services LLC Takes $75,000 Position in Extra Space Storage Inc $EXR

Ameritas Advisory Services LLC purchased a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 511 shares of the real estate investment trust’s stock, valued at approximately $75,000.

A number of other institutional investors have also recently made changes to their positions in EXR. Farther Finance Advisors LLC grew its holdings in shares of Extra Space Storage by 24.3% during the first quarter. Farther Finance Advisors LLC now owns 1,464 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 286 shares during the last quarter. CX Institutional purchased a new stake in shares of Extra Space Storage during the first quarter valued at approximately $127,000. Fifth Third Bancorp grew its holdings in shares of Extra Space Storage by 25.4% during the first quarter. Fifth Third Bancorp now owns 11,835 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 2,397 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in Extra Space Storage by 3.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 11,391 shares of the real estate investment trust’s stock worth $1,691,000 after purchasing an additional 375 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Extra Space Storage by 44.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,593 shares of the real estate investment trust’s stock worth $3,355,000 after purchasing an additional 6,964 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday. Barclays dropped their target price on shares of Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company upgraded shares of Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Tuesday, August 26th. BNP Paribas upgraded shares of Extra Space Storage to a “hold” rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada dropped their target price on shares of Extra Space Storage from $160.00 to $148.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average target price of $148.64.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total value of $1,060,575.00. Following the transaction, the chief executive officer directly owned 19,760 shares in the company, valued at approximately $2,794,261.60. This trade represents a 27.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Down 0.8%

EXR opened at $141.98 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $175.57. The company has a market capitalization of $30.14 billion, a PE ratio of 30.80, a PEG ratio of 3.44 and a beta of 1.11. The firm’s 50 day simple moving average is $141.10 and its two-hundred day simple moving average is $144.34.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.01). Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The business had revenue of $841.62 million during the quarter, compared to the consensus estimate of $719.43 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. As a group, equities analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $1.62 dividend. The ex-dividend date was Monday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.56%.

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.