Rhumbline Advisers Sells 3,403 Shares of Extra Space Storage Inc. (NYSE:EXR)

Rhumbline Advisers lessened its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,184 shares of the real estate investment trust’s stock after selling 3,403 shares during the quarter. Rhumbline Advisers’ holdings in Extra Space Storage were worth $63,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXR. Exchange Traded Concepts LLC bought a new position in shares of Extra Space Storage during the 3rd quarter worth about $136,000. Bleakley Financial Group LLC lifted its position in Extra Space Storage by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,973 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 77 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Extra Space Storage by 24.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,364 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 458 shares in the last quarter. Blue Trust Inc. lifted its position in Extra Space Storage by 278.1% in the 3rd quarter. Blue Trust Inc. now owns 896 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 659 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Extra Space Storage by 6.2% in the 3rd quarter. Raymond James & Associates now owns 291,052 shares of the real estate investment trust’s stock valued at $52,445,000 after acquiring an additional 16,927 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Transactions at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now owns 16,690 shares in the company, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXR shares. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Truist Financial raised their price target on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Barclays dropped their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Scotiabank raised shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 target price on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $175.00 target price on shares of Extra Space Storage in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.00.

Extra Space Storage Trading Down 0.6 %

Shares of EXR stock opened at $154.96 on Monday. The company has a 50 day moving average of $152.13 and a 200-day moving average of $163.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 12-month low of $131.02 and a 12-month high of $184.87. The firm has a market cap of $32.85 billion, a P/E ratio of 40.57, a PEG ratio of 7.77 and a beta of 0.91.

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.