Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC lowered its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 4.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,699 shares of the real estate investment trust’s stock after selling 189 shares during the quarter. Buckley Wealth Management LLC’s holdings in Extra Space Storage were worth $593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC acquired a new stake in shares of Extra Space Storage during the 3rd quarter worth approximately $341,000. Vanguard Personalized Indexing Management LLC increased its holdings in Extra Space Storage by 110.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,914 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 6,262 shares during the last quarter. Vert Asset Management LLC increased its holdings in Extra Space Storage by 15.7% in the 4th quarter. Vert Asset Management LLC now owns 85,522 shares of the real estate investment trust’s stock valued at $13,712,000 after purchasing an additional 11,612 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in Extra Space Storage by 166.7% in the 3rd quarter. Spirit of America Management Corp NY now owns 35,730 shares of the real estate investment trust’s stock valued at $4,344,000 after purchasing an additional 22,335 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Extra Space Storage by 49.3% in the 3rd quarter. Xponance Inc. now owns 27,259 shares of the real estate investment trust’s stock valued at $3,314,000 after purchasing an additional 9,003 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

EXR traded up $6.29 on Wednesday, reaching $146.75. The company had a trading volume of 1,114,056 shares, compared to its average volume of 1,204,015. Extra Space Storage Inc. has a 1 year low of $101.19 and a 1 year high of $165.85. The stock has a market capitalization of $31.05 billion, a PE ratio of 29.40, a P/E/G ratio of 3.45 and a beta of 0.74. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $143.71 and a 200-day moving average price of $135.23.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($1.01). The business had revenue of $797.77 million during the quarter, compared to analyst estimates of $778.05 million. Extra Space Storage had a net margin of 31.81% and a return on equity of 8.34%. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. As a group, research analysts forecast that Extra Space Storage Inc. will post 8.04 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, March 14th. Extra Space Storage’s dividend payout ratio is currently 131.17%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EXR shares. StockNews.com downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. Scotiabank assumed coverage on shares of Extra Space Storage in a report on Tuesday, February 13th. They issued a “sector underperform” rating and a $131.00 target price for the company. Morgan Stanley raised shares of Extra Space Storage from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $115.00 to $150.00 in a research report on Thursday, December 21st. Truist Financial raised their price target on shares of Extra Space Storage from $138.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, December 28th. Finally, The Goldman Sachs Group raised their price target 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $149.92.

Insider Buying and Selling

In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $146.46, for a total value of $299,950.08. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $146.46, for a total value of $299,950.08. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 37,028 shares in the company, valued at approximately $5,369,060. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,532 shares of company stock valued at $514,819. Corporate insiders own 1.55% of the company’s stock.

Extra Space Storage 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.