Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824 shares of the real estate investment trust’s stock after selling 72 shares during the quarter. Blue Trust Inc.’s holdings in Extra Space Storage were worth $123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXR. Golden State Wealth Management LLC acquired a new position in shares of Extra Space Storage during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $42,000. Quent Capital LLC grew its holdings in Extra Space Storage by 89.0% during the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 154 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Extra Space Storage during the fourth quarter worth $52,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on EXR shares. Truist Financial boosted their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research report on Friday. Scotiabank raised 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 report on Friday, January 10th. StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lowered their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $173.09.

Extra Space Storage Price Performance

EXR stock opened at $155.85 on Friday. 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 has a market capitalization of $33.04 billion, a P/E ratio of 40.80, a PEG ratio of 7.65 and a beta of 0.91. The business has a 50 day simple moving average of $151.65 and a 200-day simple moving average of $163.74.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.16%. Extra Space Storage’s dividend payout ratio (DPR) is 169.63%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s 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 completion of 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 available at the SEC website. Insiders own 1.36% of the company’s stock.

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.