Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC reduced its stake in Extra Space Storage Inc. (NYSE:EXRFree Report) by 90.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506 shares of the real estate investment trust’s stock after selling 14,882 shares during the period. Lake Street Advisors Group LLC’s holdings in Extra Space Storage were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXR. EdgeRock Capital LLC acquired a new stake in Extra Space Storage in the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at approximately $35,000. Bruce G. Allen Investments LLC purchased a new position in Extra Space Storage in the fourth quarter worth approximately $41,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Extra Space Storage during the 3rd quarter worth approximately $32,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Extra Space Storage by 200.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 300 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 200 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXR. StockNews.com cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Barclays upped their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Raymond James reissued an “outperform” rating and set a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. Evercore ISI lowered their price target on Extra Space Storage from $145.00 to $139.00 in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and an average target price of $149.75.

Check Out Our Latest Stock Analysis on EXR

Extra Space Storage Stock Performance

Shares of EXR opened at $148.53 on Thursday. The company’s 50 day simple moving average is $142.75 and its 200-day simple moving average is $144.14. The firm has a market cap of $31.45 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 3.55 and a beta of 0.81. Extra Space Storage Inc. has a 12-month low of $101.19 and a 12-month high of $164.99. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.62 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.48 dividend on an annualized basis and a yield of 4.36%. Extra Space Storage’s dividend payout ratio is presently 144.32%.

About Extra Space Storage

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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