Extra Space Storage Inc $EXR Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in Extra Space Storage Inc (NYSE:EXR) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,001 shares of the real estate investment trust’s stock after selling 433 shares during the period. Ethic Inc.’s holdings in Extra Space Storage were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new stake in Extra Space Storage in the first quarter valued at approximately $29,000. Zions Bancorporation National Association UT purchased a new position in shares of Extra Space Storage in the first quarter worth $50,000. Quarry LP raised its holdings in shares of Extra Space Storage by 156.1% in the fourth quarter. Quarry LP now owns 356 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 217 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Extra Space Storage by 147.0% in the first quarter. Golden State Wealth Management LLC now owns 405 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 241 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Extra Space Storage in the fourth quarter worth $62,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $150.35, for a total value of $1,127,625.00. Following the completion of the transaction, the chief executive officer owned 27,260 shares of the company’s stock, valued at approximately $4,098,541. The trade was a 21.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Extra Space Storage Trading Up 0.2%

Shares of Extra Space Storage stock opened at $139.7040 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a fifty day moving average price of $145.57 and a 200 day moving average price of $147.00. Extra Space Storage Inc has a 1 year low of $121.03 and a 1 year high of $184.87. The stock has a market cap of $29.65 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.01). Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The business had revenue of $841.62 million for the quarter, compared to analysts’ expectations of $719.43 million. During the same period last year, the business earned $2.06 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. Equities research analysts predict that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Analyst Ratings Changes

EXR has been the subject of a number of research analyst reports. Benchmark decreased their price target on shares of Extra Space Storage from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on shares of Extra Space Storage from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, June 13th. Scotiabank raised their price target on shares of Extra Space Storage from $149.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Monday, May 12th. Mizuho raised their price target on shares of Extra Space Storage from $141.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, May 28th. Finally, Truist Financial decreased their price target on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $154.46.

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.