Extra Space Storage Inc $EXR Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC cut its position in shares of Extra Space Storage Inc (NYSE:EXR) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,474 shares of the real estate investment trust’s stock after selling 79 shares during the quarter. Advisory Alpha LLC’s holdings in Extra Space Storage were worth $217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXR. SYM FINANCIAL Corp bought a new position in Extra Space Storage during the second quarter valued at about $226,000. Teacher Retirement System of Texas raised its position in Extra Space Storage by 88.3% in the second quarter. Teacher Retirement System of Texas now owns 74,170 shares of the real estate investment trust’s stock worth $10,936,000 after acquiring an additional 34,773 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Extra Space Storage by 162.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 25,964 shares of the real estate investment trust’s stock valued at $3,828,000 after acquiring an additional 16,054 shares during the last quarter. Transcend Capital Advisors LLC acquired a new stake in Extra Space Storage in the 2nd quarter valued at about $337,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Extra Space Storage by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 252,050 shares of the real estate investment trust’s stock valued at $37,162,000 after purchasing an additional 1,233 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Down 4.8%

NYSE EXR opened at $134.93 on Friday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $175.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.56 and a beta of 1.11. The firm’s 50 day moving average price is $144.05 and its two-hundred day moving average price is $145.28.

Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. The company had revenue of $838.53 million during the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a return on equity of 6.53% and a net margin of 28.40%.The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Equities analysts anticipate that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, September 15th. Extra Space Storage’s dividend payout ratio is currently 140.56%.

Analyst Ratings Changes

A number of research firms recently commented on EXR. Wells Fargo & Company upgraded shares of Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Tuesday, August 26th. Evercore ISI lifted 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. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Barclays reduced their price objective on Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Citigroup decreased their target price on Extra Space Storage from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $148.64.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the transaction, the chief executive officer owned 19,760 shares of the company’s stock, valued at $2,794,261.60. The trade was a 27.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

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.