Curtis Advisory Group LLC Has $296,000 Stake in Extra Space Storage Inc. (NYSE:EXR)

Curtis Advisory Group LLC trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXRFree Report) by 31.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,846 shares of the real estate investment trust’s stock after selling 837 shares during the period. Curtis Advisory Group LLC’s holdings in Extra Space Storage were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Extra Space Storage by 55.7% during the third quarter. Vanguard Group Inc. now owns 33,686,341 shares of the real estate investment trust’s stock worth $4,095,585,000 after purchasing an additional 12,055,172 shares during the period. JPMorgan Chase & Co. boosted its position in Extra Space Storage by 599.8% during the third quarter. JPMorgan Chase & Co. now owns 3,345,787 shares of the real estate investment trust’s stock worth $406,781,000 after purchasing an additional 2,867,657 shares during the period. Norges Bank bought a new position in Extra Space Storage during the fourth quarter worth $380,823,000. Diamond Hill Capital Management Inc. bought a new position in Extra Space Storage during the third quarter worth $173,621,000. Finally, First Eagle Investment Management LLC boosted its position in Extra Space Storage by 233,362.8% during the third quarter. First Eagle Investment Management LLC now owns 1,323,734 shares of the real estate investment trust’s stock worth $160,940,000 after purchasing an additional 1,323,167 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXR. Deutsche Bank Aktiengesellschaft began coverage on shares of Extra Space Storage in a research report on Tuesday, January 30th. They set a “hold” rating and a $141.00 price objective for the company. TheStreet raised shares of Extra Space Storage from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. StockNews.com cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. The Goldman Sachs Group boosted their target price on shares of Extra Space Storage from $168.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Scotiabank assumed coverage on shares of Extra Space Storage in a research report on Tuesday, February 13th. They issued a “sector underperform” rating and a $131.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $150.17.

View Our Latest Report on Extra Space Storage

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the transaction, the executive vice president now owns 37,028 shares of the company’s stock, valued at $5,369,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $146.46, for a total transaction of $299,950.08. Following the completion of the transaction, the chief marketing officer now owns 94,126 shares of the company’s stock, valued at $13,785,693.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the transaction, the executive vice president now owns 37,028 shares of the company’s stock, valued at approximately $5,369,060. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,532 shares of company stock valued at $514,819. 1.55% of the stock is currently owned by corporate insiders.

Extra Space Storage Price Performance

EXR traded down $2.51 on Friday, hitting $140.69. 687,188 shares of the stock were exchanged, compared to its average volume of 1,173,349. Extra Space Storage Inc. has a 12 month low of $101.19 and a 12 month high of $164.99. The business has a 50-day moving average of $143.34 and a two-hundred day moving average of $136.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 3.50 and a beta of 0.74.

Extra Space Storage (NYSE:EXRGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a return on equity of 8.34% and a net margin of 31.81%. The firm had revenue of $797.77 million for the quarter, compared to the consensus estimate of $778.05 million. During the same period in the prior year, the company earned $2.09 EPS. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. Sell-side analysts forecast that Extra Space Storage Inc. will post 8.05 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, March 14th. Extra Space Storage’s payout ratio is 131.17%.

About Extra Space Storage

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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