Supplemental Annuity Collective Trust of NJ Buys Shares of 1,350 Extra Space Storage Inc. (NYSE:EXR)

Supplemental Annuity Collective Trust of NJ purchased a new stake in Extra Space Storage Inc. (NYSE:EXR) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,350 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation N.A. raised its holdings in Extra Space Storage by 241.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its position in Extra Space Storage by 162.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 143 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Extra Space Storage during the 3rd quarter worth about $32,000. Anchor Investment Management LLC bought a new position in shares of Extra Space Storage in the 4th quarter valued at about $35,000. Finally, Riverview Trust Co acquired a new position in Extra Space Storage during the third quarter valued at approximately $38,000. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the transaction, the executive vice president now owns 37,028 shares in the company, valued at $5,369,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Extra Space Storage news, CMO Samrat Sondhi sold 2,048 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $146.46, for a total transaction of $299,950.08. Following the sale, the chief marketing officer now owns 94,126 shares of the company’s stock, valued at approximately $13,785,693.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the transaction, the executive vice president now directly owns 37,028 shares in the company, valued at approximately $5,369,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,532 shares of company stock worth $514,819. 1.36% of the stock is owned by insiders.

Extra Space Storage Stock Down 0.2 %

EXR traded down $0.26 during trading on Friday, hitting $133.57. 716,541 shares of the company’s stock traded hands, compared to its average volume of 1,167,928. Extra Space Storage Inc. has a 12-month low of $101.19 and a 12-month high of $164.99. The company’s 50 day simple moving average is $142.03 and its two-hundred day simple moving average is $137.98. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $28.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.31 and a beta of 0.74.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($1.01). The firm had revenue of $797.77 million for the quarter, compared to analysts’ expectations of $778.05 million. Extra Space Storage had a net margin of 31.81% and a return on equity of 8.34%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. Analysts predict that Extra Space Storage Inc. will post 8.05 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Thursday, March 14th. Extra Space Storage’s payout ratio is currently 131.17%.

Analyst Upgrades and Downgrades

EXR has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on Extra Space Storage from $168.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company boosted their target price on shares of Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Scotiabank started coverage on shares of Extra Space Storage in a research report on Tuesday, February 13th. They set a “sector underperform” rating and a $131.00 price objective for the company. Raymond James reissued an “outperform” rating and set a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, March 28th. Finally, Barclays assumed coverage on shares of Extra Space Storage in a research note on Wednesday, March 27th. They issued an “overweight” rating and a $157.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $150.17.

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.