New York State Common Retirement Fund Has $18.36 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

New York State Common Retirement Fund lessened its stake in Extra Space Storage Inc. (NYSE:EXR) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,731 shares of the real estate investment trust’s stock after selling 5,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Extra Space Storage worth $18,361,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at $54,000. Atria Wealth Solutions Inc. lifted its stake in Extra Space Storage by 21.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 13,332 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 2,317 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Extra Space Storage by 14.4% in the 4th quarter. Venturi Wealth Management LLC now owns 7,614 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 961 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Extra Space Storage by 23.8% in the fourth quarter. D.A. Davidson & CO. now owns 1,768 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 340 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Extra Space Storage by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 32,279 shares of the real estate investment trust’s stock valued at $4,829,000 after buying an additional 1,402 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. 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 upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company cut their target price on shares of Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Barclays cut 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 research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $173.09.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the completion of the transaction, the chief executive officer now owns 16,690 shares of the company’s stock, valued at $2,470,286.90. The trade was a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Down 0.1 %

NYSE EXR opened at $155.85 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 1-year low of $131.02 and a 1-year high of $184.87. The company has a 50 day moving average of $151.61 and a 200-day moving average of $163.72. The company has a market cap of $33.04 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 7.76 and a beta of 0.91.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.16%. Extra Space Storage’s dividend payout ratio is presently 169.63%.

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.