Stephens Inc. AR Sells 91 Shares of Extra Space Storage Inc. (NYSE:EXR)

Stephens Inc. AR lowered its holdings in Extra Space Storage Inc. (NYSE:EXR) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,570 shares of the real estate investment trust’s stock after selling 91 shares during the quarter. Stephens Inc. AR’s holdings in Extra Space Storage were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXR. Exchange Traded Concepts LLC bought a new stake in shares of Extra Space Storage in the 3rd quarter valued at about $136,000. Bleakley Financial Group LLC raised its holdings in shares of Extra Space Storage by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,973 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 77 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Extra Space Storage by 24.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,364 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 458 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Extra Space Storage by 278.1% in the 3rd quarter. Blue Trust Inc. now owns 896 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 659 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Extra Space Storage by 6.2% in the 3rd quarter. Raymond James & Associates now owns 291,052 shares of the real estate investment trust’s stock valued at $52,445,000 after purchasing an additional 16,927 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EXR. Barclays reduced their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, January 13th. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Scotiabank raised shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price objective on the stock in a research report on Friday, January 10th. Wells Fargo & Company reaffirmed 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, Truist Financial lifted their price objective on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $174.00.

Extra Space Storage Stock Down 0.6 %

NYSE:EXR opened at $154.96 on Monday. The company has a market cap of $32.85 billion, a PE ratio of 40.57, a P/E/G ratio of 7.77 and a beta of 0.91. Extra Space Storage Inc. has a twelve month low of $131.02 and a twelve month high of $184.87. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $152.13 and its two-hundred day moving average is $163.97.

Insider Activity

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now directly owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.

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.