Extra Space Storage Inc. (NYSE:EXR) Shares Purchased by Marshall Financial Group LLC

Marshall Financial Group LLC lifted its position in Extra Space Storage Inc. (NYSE:EXR) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,361 shares of the real estate investment trust’s stock after acquiring an additional 575 shares during the period. Marshall Financial Group LLC’s holdings in Extra Space Storage were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. boosted its stake in Extra Space Storage by 4.5% during the fourth quarter. Whittier Trust Co. now owns 1,656 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 72 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Extra Space Storage by 19.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 706 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 113 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Extra Space Storage by 30.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 515 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 119 shares during the last quarter. Private Advisor Group LLC boosted its stake in Extra Space Storage by 0.6% during the fourth quarter. Private Advisor Group LLC now owns 21,563 shares of the real estate investment trust’s stock worth $3,457,000 after buying an additional 119 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Extra Space Storage by 0.7% during the first quarter. Gulf International Bank UK Ltd now owns 17,446 shares of the real estate investment trust’s stock worth $2,564,000 after buying an additional 127 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Extra Space Storage

In other news, Director Joseph J. Bonner sold 677 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $148.22, for a total transaction of $100,344.94. Following the completion of the transaction, the director now directly owns 5,229 shares of the company’s stock, valued at approximately $775,042.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Joseph J. Bonner sold 677 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $148.22, for a total value of $100,344.94. Following the completion of the sale, the director now directly owns 5,229 shares of the company’s stock, valued at approximately $775,042.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $152.58, for a total value of $1,144,350.00. Following the completion of the sale, the chief executive officer now directly owns 31,690 shares of the company’s stock, valued at $4,835,260.20. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Extra Space Storage Trading Up 0.3 %

NYSE:EXR opened at $154.20 on Friday. The stock has a 50-day simple moving average of $148.67 and a 200-day simple moving average of $146.98. The stock has a market cap of $32.65 billion, a P/E ratio of 34.34, a P/E/G ratio of 3.25 and a beta of 0.83. Extra Space Storage Inc. has a 1 year low of $101.19 and a 1 year high of $164.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.62 per share. The ex-dividend date was Friday, June 14th. This represents a $6.48 annualized dividend and a dividend yield of 4.20%. Extra Space Storage’s dividend payout ratio is currently 144.32%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXR. Barclays boosted their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Citigroup decreased their price target on Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Evercore ISI decreased their price target on Extra Space Storage from $145.00 to $139.00 in a research note on Wednesday, May 1st. Wells Fargo & Company upped their price target on Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $151.83.

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.