Extra Space Storage Inc $EXR Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Extra Space Storage Inc (NYSE:EXR) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,892 shares of the real estate investment trust’s stock after selling 358 shares during the period. Atria Wealth Solutions Inc.’s holdings in Extra Space Storage were worth $869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Extra Space Storage by 44.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,046 shares of the real estate investment trust’s stock valued at $596,000 after buying an additional 1,254 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Extra Space Storage by 3.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,927 shares of the real estate investment trust’s stock valued at $3,451,000 after purchasing an additional 705 shares during the period. CWM LLC boosted its stake in Extra Space Storage by 107.8% during the 2nd quarter. CWM LLC now owns 42,403 shares of the real estate investment trust’s stock valued at $6,252,000 after purchasing an additional 21,999 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Extra Space Storage by 12.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,257 shares of the real estate investment trust’s stock valued at $3,295,000 after purchasing an additional 2,497 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its stake in Extra Space Storage by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 15,639 shares of the real estate investment trust’s stock valued at $2,306,000 after purchasing an additional 260 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the transaction, the chief executive officer directly owned 19,760 shares of the company’s stock, valued at approximately $2,794,261.60. The trade was a 27.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXR shares. Scotiabank reduced their target price on shares of Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 28th. BNP Paribas upgraded shares of Extra Space Storage to a “hold” rating in a research report on Tuesday, June 24th. Barclays dropped their price target on shares of Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Evercore ISI boosted their price target on shares of Extra Space Storage from $147.00 to $149.00 and gave the stock a “cautious” rating in a research report on Friday, October 3rd. Finally, Wells Fargo & Company upgraded shares of Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Tuesday, August 26th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.64.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $151.66 on Friday. The firm’s 50 day simple moving average is $142.23 and its 200-day simple moving average is $144.44. The company has a market cap of $32.19 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $175.57.

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

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. Extra Space Storage’s payout ratio is presently 140.56%.

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.