Savant Capital LLC Has $771,000 Stake in Extra Space Storage Inc. (NYSE:EXR)

Savant Capital LLC increased its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,157 shares of the real estate investment trust’s stock after purchasing an additional 94 shares during the quarter. Savant Capital LLC’s holdings in Extra Space Storage were worth $771,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EXR. Golden State Wealth Management LLC acquired a new position in Extra Space Storage during the fourth quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Extra Space Storage in the third quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in Extra Space Storage in the third quarter valued at $42,000. Continuum Advisory LLC lifted its stake in Extra Space Storage by 68.1% in the third quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 126 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Extra Space Storage by 13.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 861 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the transaction, the chief executive officer now directly owns 16,690 shares of the company’s stock, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on EXR. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target for the company in a research note on Friday, January 10th. Truist Financial increased their price target on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $175.00 price objective on shares of Extra Space Storage in a research report on Monday, October 21st. Finally, Barclays dropped their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Extra Space Storage has an average rating of “Hold” and a consensus target price of $174.00.

Extra Space Storage Price Performance

NYSE:EXR opened at $154.96 on Friday. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 40.57, a P/E/G ratio of 7.77 and a beta of 0.91. The firm’s 50-day simple moving average is $152.13 and its 200 day simple moving average is $163.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

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.