Aptus Capital Advisors LLC Purchases New Position in Extra Space Storage Inc. (NYSE:EXR)

Aptus Capital Advisors LLC acquired a new stake in Extra Space Storage Inc. (NYSE:EXRFree Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,713 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in Extra Space Storage by 5.6% in the first quarter. Private Advisor Group LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 74 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Extra Space Storage by 1.0% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 7,816 shares of the real estate investment trust’s stock worth $1,163,000 after acquiring an additional 80 shares in the last quarter. Thomas White International Ltd. increased its holdings in shares of Extra Space Storage by 5.9% in the fourth quarter. Thomas White International Ltd. now owns 1,483 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 83 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of Extra Space Storage by 2.7% in the second quarter. Navellier & Associates Inc. now owns 3,679 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 95 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Extra Space Storage by 0.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,394 shares of the real estate investment trust’s stock worth $4,078,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 66.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXR shares. The Goldman Sachs Group increased their price target on Extra Space Storage from $168.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Deutsche Bank Aktiengesellschaft started coverage on Extra Space Storage in a report on Tuesday, January 30th. They issued a “hold” rating and a $141.00 price target for the company. TheStreet upgraded Extra Space Storage from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday. Finally, Truist Financial increased their price target on Extra Space Storage from $138.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, December 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus target price of $151.45.

Get Our Latest Stock Analysis on EXR

Insider Activity

In other news, Director Joseph Saffire sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $154.10, for a total value of $3,852,500.00. Following the completion of the sale, the director now directly owns 42,344 shares of the company’s stock, valued at $6,525,210.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.55% of the company’s stock.

Extra Space Storage Stock Down 0.9 %

NYSE:EXR opened at $142.02 on Tuesday. The stock has a 50-day simple moving average of $149.82 and a 200 day simple moving average of $132.64. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $170.30. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market cap of $30.01 billion, a PE ratio of 26.11, a PEG ratio of 3.54 and a beta of 0.75.

Extra Space Storage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a boost from Extra Space Storage’s previous quarterly dividend of $0.61. This represents a $6.48 annualized dividend and a yield of 4.56%. Extra Space Storage’s dividend payout ratio is 119.12%.

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 September 30, 2023, the Company owned and/or operated 3,651 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.5 million units and approximately 279.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.

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

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