Venturi Wealth Management LLC Raises Holdings in Extra Space Storage Inc. (NYSE:EXR)

Venturi Wealth Management LLC grew its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,614 shares of the real estate investment trust’s stock after purchasing an additional 961 shares during the quarter. Venturi Wealth Management LLC’s holdings in Extra Space Storage were worth $1,139,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Extra Space Storage during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Extra Space Storage during the third quarter worth about $33,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth about $42,000. Continuum Advisory LLC boosted its stake in shares of Extra Space Storage by 68.1% during the third quarter. Continuum Advisory LLC now owns 311 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 126 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Extra Space Storage by 89.0% during the fourth quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.36% of the stock is owned by insiders.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $154.88 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.77. The company has a market cap of $32.83 billion, a P/E ratio of 40.54, a PEG ratio of 7.77 and a beta of 0.91. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87. The company has a 50-day moving average price of $151.94 and a 200 day moving average price of $163.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 target price for the company in a research note on Friday, January 10th. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays decreased their target price on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $174.00.

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.