Elser Financial Planning Inc Purchases Shares of 1,543 Extra Space Storage Inc. (NYSE:EXR)

Elser Financial Planning Inc acquired a new position in Extra Space Storage Inc. (NYSE:EXR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,543 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Atomi Financial Group Inc. bought a new position in shares of Extra Space Storage in the third quarter valued at approximately $246,000. Wedmont Private Capital grew its position in shares of Extra Space Storage by 17.7% during the 3rd quarter. Wedmont Private Capital now owns 1,951 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 294 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Extra Space Storage by 266.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 800 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Extra Space Storage in the third quarter valued at approximately $136,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Extra Space Storage during the 3rd quarter worth $209,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXR. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays dropped their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Evercore ISI decreased their target price on shares of Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating for the company in a report on Monday, October 14th. Scotiabank raised Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $175.00 target price on shares of Extra Space Storage in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and a consensus target price of $174.00.

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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now owns 16,690 shares of the company’s stock, valued at approximately $2,470,286.90. The trade was a 31.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane Olmstead sold 3,081 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $164.56, for a total value of $507,009.36. Following the transaction, the director now directly owns 5,877 shares of the company’s stock, valued at approximately $967,119.12. This trade represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Performance

NYSE:EXR opened at $156.01 on Monday. The firm has a market capitalization of $33.07 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The business’s fifty day moving average price is $153.06 and its 200 day moving average price is $164.18. Extra Space Storage Inc. has a 12 month low of $131.02 and a 12 month high of $184.87.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $1.62 per share. The ex-dividend date was Monday, December 16th. This represents a $6.48 annualized dividend and a dividend yield of 4.15%. Extra Space Storage’s dividend payout ratio (DPR) is 169.63%.

Extra Space Storage Company 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.