Buckley Wealth Management LLC Buys 99 Shares of Extra Space Storage Inc. (NYSE:EXR)

Buckley Wealth Management LLC raised its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,910 shares of the real estate investment trust’s stock after purchasing an additional 99 shares during the period. Buckley Wealth Management LLC’s holdings in Extra Space Storage were worth $585,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Extra Space Storage by 4.5% in the third quarter. Assetmark Inc. now owns 6,413 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 277 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Extra Space Storage by 18.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 244 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Extra Space Storage during the 3rd quarter valued at $33,000. Aptus Capital Advisors LLC raised its position in shares of Extra Space Storage by 5.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 82 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Extra Space Storage by 17.8% during the 3rd quarter. Victory Capital Management Inc. now owns 167,257 shares of the real estate investment trust’s stock valued at $30,138,000 after purchasing an additional 25,321 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $145.03 on Friday. The stock has a market cap of $30.75 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 7.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. Extra Space Storage Inc. has a 1 year low of $131.02 and a 1 year high of $184.87. The firm has a 50-day moving average of $152.94 and a two-hundred day moving average of $162.21.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 EPS for the quarter, beating the consensus estimate of $1.10 by $0.93. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The business had revenue of $821.90 million during the quarter, compared to analyst estimates of $707.34 million. On average, research analysts forecast that Extra Space Storage Inc. will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, March 14th. This represents a $6.48 annualized dividend and a dividend yield of 4.47%. Extra Space Storage’s dividend payout ratio (DPR) is presently 160.40%.

Analyst Ratings Changes

EXR has been the topic of a number of research reports. Wells Fargo & Company reduced their price target on shares of Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada dropped their price objective on shares of Extra Space Storage from $167.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group reissued a “buy” rating on shares of Extra Space Storage in a research note on Thursday, March 6th. Truist Financial lifted their price objective on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Barclays dropped their price target on shares of Extra Space Storage from $184.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday. 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. According to data from MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus price target of $171.09.

Insider Buying and Selling

In other news, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $152.66, for a total value of $186,245.20. Following the sale, the executive vice president now directly owns 20,158 shares of the company’s stock, valued at $3,077,320.28. This represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 9,392 shares of company stock worth $1,396,515 in the last 90 days. 1.36% of the stock is owned by corporate insiders.

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.