Whittier Trust Co. Has $281,000 Stock Position in Extra Space Storage Inc (NYSE:EXR)

Whittier Trust Co. boosted its stake in Extra Space Storage Inc (NYSE:EXR) by 34.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,895 shares of the real estate investment trust’s stock after purchasing an additional 482 shares during the quarter. Whittier Trust Co.’s holdings in Extra Space Storage were worth $281,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of Extra Space Storage by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,062 shares of the real estate investment trust’s stock worth $3,151,000 after purchasing an additional 425 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Extra Space Storage by 33.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,555 shares of the real estate investment trust’s stock worth $1,878,000 after acquiring an additional 3,117 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Extra Space Storage by 4.2% in the 4th quarter. Corient Private Wealth LLC now owns 10,382 shares of the real estate investment trust’s stock worth $1,553,000 after acquiring an additional 420 shares during the last quarter. Harbour Investments Inc. boosted its position in Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 80 shares during the period. Finally, Signaturefd LLC raised its holdings in Extra Space Storage by 19.4% in the 4th quarter. Signaturefd LLC now owns 1,045 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 170 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

EXR stock opened at $147.41 on Friday. The company has a market cap of $31.28 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $184.87. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $148.93 and its 200-day moving average is $148.39.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. Extra Space Storage had a return on equity of 6.11% and a net margin of 27.84%. The business had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $705.12 million. During the same quarter last year, the company posted $1.96 earnings per share. Extra Space Storage’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, June 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.40%. Extra Space Storage’s dividend payout ratio (DPR) is presently 150.35%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXR. JPMorgan Chase & Co. raised their price target on shares of Extra Space Storage from $160.00 to $162.00 and gave the company a “neutral” rating in a report on Friday, June 13th. Mizuho lifted their price objective on shares of Extra Space Storage from $141.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. Bank of America boosted their target price on shares of Extra Space Storage from $155.00 to $161.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, BNP Paribas upgraded shares of Extra Space Storage to a “hold” rating in a report on Tuesday, June 24th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.29.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $150.35, for a total transaction of $1,127,625.00. Following the transaction, the chief executive officer owned 27,260 shares of the company’s stock, valued at $4,098,541. This represents a 21.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Company 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.