Buckley Wealth Management LLC Has $687,000 Stake in Extra Space Storage Inc. (NYSE:EXR)

Buckley Wealth Management LLC grew its holdings in Extra Space Storage Inc. (NYSE:EXR) by 1.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,811 shares of the real estate investment trust’s stock after purchasing an additional 71 shares during the period. Buckley Wealth Management LLC’s holdings in Extra Space Storage were worth $687,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EXR. Boston Partners acquired a new position in Extra Space Storage during the first quarter valued at $130,554,000. Janus Henderson Group PLC lifted its position in shares of Extra Space Storage by 2,244.2% in the first quarter. Janus Henderson Group PLC now owns 597,729 shares of the real estate investment trust’s stock worth $87,824,000 after purchasing an additional 572,231 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Extra Space Storage by 43.7% during the first quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust’s stock worth $228,899,000 after purchasing an additional 473,559 shares during the period. American Century Companies Inc. grew its position in Extra Space Storage by 543.5% during the second quarter. American Century Companies Inc. now owns 397,170 shares of the real estate investment trust’s stock valued at $61,724,000 after purchasing an additional 335,447 shares in the last quarter. Finally, Swedbank AB acquired a new position in Extra Space Storage in the 1st quarter valued at approximately $33,912,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the sale, the chief executive officer now directly owns 24,190 shares of the company’s stock, valued at $4,318,398.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the sale, the chief executive officer now owns 24,190 shares in the company, valued at $4,318,398.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth M. Woolley sold 6,647 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $177.23, for a total transaction of $1,178,047.81. Following the completion of the transaction, the director now owns 404,306 shares of the company’s stock, valued at approximately $71,655,152.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,970 shares of company stock valued at $3,367,307. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the topic of a number of research reports. KeyCorp upped their price target on shares of Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Royal Bank of Canada began coverage on shares of Extra Space Storage in a research note on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price target on the stock. Truist Financial increased their target price on shares of Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Scotiabank boosted their price target on Extra Space Storage from $159.00 to $169.00 and gave the stock a “sector underperform” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $170.80.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock traded up $1.25 during midday trading on Friday, hitting $171.28. The company had a trading volume of 980,880 shares, compared to its average volume of 1,047,369. The stock has a market cap of $36.26 billion, a PE ratio of 38.15, a P/E/G ratio of 6.47 and a beta of 0.86. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $184.87. The business’s 50 day simple moving average is $174.47 and its two-hundred day simple moving average is $159.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.20 and a quick ratio of 0.20.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, September 16th. This represents a $6.48 annualized dividend and a dividend yield of 3.78%. Extra Space Storage’s payout ratio is 144.32%.

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.