Brown Financial Advisors Boosts Holdings in Extra Space Storage Inc. (NYSE:EXR)

Brown Financial Advisors grew its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,666 shares of the real estate investment trust’s stock after acquiring an additional 532 shares during the quarter. Brown Financial Advisors’ holdings in Extra Space Storage were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Extra Space Storage by 278.1% in the third quarter. Blue Trust Inc. now owns 896 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 659 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Extra Space Storage by 5.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,526 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 129 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Extra Space Storage during the third quarter valued at $30,293,000. CENTRAL TRUST Co boosted its holdings in Extra Space Storage by 64.3% in the 3rd quarter. CENTRAL TRUST Co now owns 930 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 364 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Extra Space Storage by 34.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,985 shares of the real estate investment trust’s stock worth $718,000 after acquiring an additional 1,028 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $159.14 on Tuesday. The business has a 50-day simple moving average of $151.61 and a 200-day simple moving average of $163.74. The company has a market cap of $33.73 billion, a PE ratio of 41.66, a P/E/G ratio of 7.76 and a beta of 0.91. Extra Space Storage Inc. has a one year low of $131.02 and a one year high of $184.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, March 14th. Extra Space Storage’s dividend payout ratio is presently 169.63%.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

EXR has been the subject of several recent research reports. Barclays cut their price target on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Truist Financial lifted 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. Wells Fargo & Company lowered their price objective on Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and an average price target of $173.09.

About Extra Space Storage

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.