Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,735 shares of the real estate investment trust’s stock after selling 370 shares during the period. Private Advisor Group LLC’s holdings in Extra Space Storage were worth $3,736,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EXR. Wealth Enhancement Advisory Services LLC lifted its position in Extra Space Storage by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,636 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 583 shares during the period. LVW Advisors LLC boosted its stake in shares of Extra Space Storage by 24.1% in the first quarter. LVW Advisors LLC now owns 2,119 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 412 shares during the last quarter. Naviter Wealth LLC grew its holdings in Extra Space Storage by 24.3% during the first quarter. Naviter Wealth LLC now owns 11,605 shares of the real estate investment trust’s stock worth $1,706,000 after acquiring an additional 2,268 shares during the period. Azzad Asset Management Inc. ADV raised its position in Extra Space Storage by 4.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 10,837 shares of the real estate investment trust’s stock valued at $1,593,000 after acquiring an additional 427 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Extra Space Storage by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 123,170 shares of the real estate investment trust’s stock valued at $18,104,000 after acquiring an additional 750 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Extra Space Storage

In related news, EVP William N. Springer sold 2,000 shares of Extra Space Storage stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total transaction of $350,660.00. Following the transaction, the executive vice president now owns 11,919 shares in the company, valued at approximately $2,089,758.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP William N. Springer sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total transaction of $350,660.00. Following the completion of the sale, the executive vice president now directly owns 11,919 shares in the company, valued at approximately $2,089,758.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of Extra Space Storage stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $177.01, for a total transaction of $499,699.23. Following the transaction, the executive vice president now directly owns 32,855 shares in the company, valued at $5,815,663.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,970 shares of company stock worth $3,367,307 in the last ninety days. Insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Performance

NYSE:EXR opened at $166.40 on Monday. The company has a market cap of $35.23 billion, a P/E ratio of 37.06, a P/E/G ratio of 6.25 and a beta of 0.86. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $184.87. The company’s 50-day moving average price is $174.56 and its 200-day moving average price is $159.68. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.76.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Monday, September 16th. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $175.00 target price on shares of Extra Space Storage in a report on Monday, October 21st. Truist Financial upped their price objective on shares of Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp raised their target price on Extra Space Storage from $172.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI cut their price objective on Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and a consensus price target of $170.80.

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.