Sanctuary Advisors LLC Has $3.06 Million Stock Position in Extra Space Storage Inc. (NYSE:EXR)

Sanctuary Advisors LLC increased its stake in Extra Space Storage Inc. (NYSE:EXR) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,790 shares of the real estate investment trust’s stock after buying an additional 1,310 shares during the quarter. Sanctuary Advisors LLC’s holdings in Extra Space Storage were worth $3,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. grew its holdings in Extra Space Storage by 16.5% during the fourth quarter. Principal Securities Inc. now owns 3,034 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 429 shares during the period. Asset Planning Inc acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at approximately $52,000. V Square Quantitative Management LLC boosted its stake in shares of Extra Space Storage by 11.5% during the 4th quarter. V Square Quantitative Management LLC now owns 2,636 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 272 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Extra Space Storage by 3.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 399,138 shares of the real estate investment trust’s stock worth $59,108,000 after acquiring an additional 11,875 shares during the last quarter. Finally, Values First Advisors Inc. raised its stake in Extra Space Storage by 3.0% in the 4th quarter. Values First Advisors Inc. now owns 3,726 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 110 shares during the period. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $155.85 on Friday. The firm has a market cap of $33.04 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 7.76 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 stock’s fifty day moving average price is $151.61 and its two-hundred day moving average price is $163.72. Extra Space Storage Inc. has a one year low of $131.02 and a one year high of $184.87.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 4.16%. Extra Space Storage’s payout ratio is currently 169.63%.

Analysts Set New Price Targets

A number of equities analysts have commented on EXR shares. Barclays reduced their price objective on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Truist Financial lifted their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Scotiabank raised shares of 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. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their target price on Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.09.

Insider Activity 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 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 transaction, the chief executive officer now directly owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.36% of the stock is owned by insiders.

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.