Extra Space Storage Inc. (NYSE:EXR) Shares Bought by Quent Capital LLC

Quent Capital LLC grew its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 89.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 327 shares of the real estate investment trust’s stock after purchasing an additional 154 shares during the quarter. Quent Capital LLC’s holdings in Extra Space Storage were worth $49,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. Golden State Wealth Management LLC acquired a new position in shares of Extra Space Storage during the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Extra Space Storage during the 3rd quarter valued at about $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Extra Space Storage during the 3rd quarter valued at about $42,000. Continuum Advisory LLC boosted its position in shares of Extra Space Storage by 68.1% during the 3rd quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 126 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Extra Space Storage during the 3rd quarter valued at about $129,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Up 0.7 %

Shares of NYSE:EXR opened at $155.90 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $33.05 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91. The firm’s 50-day moving average is $152.46 and its two-hundred day moving average is $164.05. Extra Space Storage Inc. has a 1 year low of $131.02 and a 1 year high of $184.87.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. This represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price objective on the stock in a report on Friday, January 10th. Barclays reduced their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Truist Financial boosted their price objective on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $175.00 price objective on shares of Extra Space Storage in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $174.00.

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.