Allspring Global Investments Holdings LLC Sells 463 Shares of Extra Space Storage Inc. (NYSE:EXR)

Allspring Global Investments Holdings LLC reduced its stake in Extra Space Storage Inc. (NYSE:EXR) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,824 shares of the real estate investment trust’s stock after selling 463 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Extra Space Storage were worth $3,225,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Extra Space Storage by 89.0% during the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 154 shares during the last quarter. MADDEN SECURITIES Corp raised its stake in Extra Space Storage by 12.1% during the fourth quarter. MADDEN SECURITIES Corp now owns 7,230 shares of the real estate investment trust’s stock valued at $1,082,000 after buying an additional 780 shares during the last quarter. Paladin Wealth LLC boosted its holdings in Extra Space Storage by 11.9% in the fourth quarter. Paladin Wealth LLC now owns 4,690 shares of the real estate investment trust’s stock worth $702,000 after acquiring an additional 500 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Extra Space Storage by 3.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 18,819 shares of the real estate investment trust’s stock worth $2,815,000 after acquiring an additional 689 shares during the last quarter. Finally, Elser Financial Planning Inc purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $231,000. 99.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of recent research reports. StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays cut their target price on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Truist Financial increased their target price on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Scotiabank raised Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 target price on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.00.

Insider Transactions at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Up 1.4 %

NYSE EXR opened at $155.99 on Friday. The stock’s 50-day moving average price is $151.71 and its 200-day moving average price is $163.79. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87. The company has a market capitalization of $33.07 billion, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 7.71 and a beta of 0.91.

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.