Visionary Horizons LLC Has $590,000 Holdings in Extra Space Storage Inc. (NYSE:EXR)

Visionary Horizons LLC trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,945 shares of the real estate investment trust’s stock after selling 150 shares during the period. Visionary Horizons LLC’s holdings in Extra Space Storage were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXR. Atomi Financial Group Inc. bought a new position in Extra Space Storage in the third quarter valued at approximately $246,000. Wedmont Private Capital boosted its holdings in shares of Extra Space Storage by 17.7% in the 3rd quarter. Wedmont Private Capital now owns 1,951 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 294 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Extra Space Storage by 266.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,100 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 800 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Extra Space Storage during the 3rd quarter worth $136,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Extra Space Storage during the 3rd quarter worth $209,000. 99.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at $2,470,286.90. This represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane Olmstead sold 3,081 shares of Extra Space Storage stock in a transaction on Friday, November 15th. The stock was sold at an average price of $164.56, for a total transaction of $507,009.36. Following the transaction, the director now directly owns 5,877 shares of the company’s stock, valued at $967,119.12. This represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXR shares. Evercore ISI decreased their target price on Extra Space Storage from $170.00 to $168.00 and set an “in-line” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $175.00 price objective on shares of Extra Space Storage in a research report on Monday, October 21st. Barclays cut their target price on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Scotiabank upgraded Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target for the company in a research note on Friday, January 10th. Finally, Truist Financial boosted their price objective on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $174.00.

Extra Space Storage Stock Down 0.0 %

Shares of EXR opened at $156.01 on Friday. The company has a market capitalization of $33.07 billion, a PE ratio of 40.84, a PEG ratio of 7.77 and a beta of 0.91. The stock’s 50-day moving average price is $153.06 and its two-hundred day moving average price is $164.20. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage Inc. has a 12 month low of $131.02 and a 12 month high of $184.87.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Monday, December 16th. Extra Space Storage’s payout ratio is presently 169.63%.

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.