National Bank of Canada FI Sells 35,169 Shares of Extra Space Storage Inc. (NYSE:EXR)

National Bank of Canada FI reduced its stake in Extra Space Storage Inc. (NYSE:EXRFree Report) by 41.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,732 shares of the real estate investment trust’s stock after selling 35,169 shares during the period. National Bank of Canada FI’s holdings in Extra Space Storage were worth $8,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXR. Zions Bancorporation N.A. increased its holdings in shares of Extra Space Storage by 241.9% during the third quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Extra Space Storage by 162.5% in the third quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Extra Space Storage during the third quarter valued at about $32,000. Anchor Investment Management LLC bought a new stake in shares of Extra Space Storage during the fourth quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Extra Space Storage during the fourth quarter worth about $41,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Price Performance

EXR stock opened at $146.22 on Friday. The company has a market capitalization of $30.96 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 3.48 and a beta of 0.76. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $164.99. The business has a 50-day simple moving average of $141.85 and a two-hundred day simple moving average of $139.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.30 and a current ratio of 0.15.

Extra Space Storage (NYSE:EXRGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($1.01). Extra Space Storage had a return on equity of 6.76% and a net margin of 29.10%. The company had revenue of $797.77 million for the quarter, compared to the consensus estimate of $778.05 million. During the same quarter last year, the company posted $2.09 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. Research analysts expect that Extra Space Storage Inc. will post 8.05 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Analyst Ratings Changes

Several equities research analysts recently commented on EXR shares. Raymond James reiterated an “outperform” rating and set a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. StockNews.com lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Wells Fargo & Company upped their price target on Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. TheStreet raised Extra Space Storage from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Extra Space Storage in a report on Tuesday, January 30th. They issued a “hold” rating and a $141.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and an average target price of $149.67.

Check Out Our Latest Stock Analysis on Extra Space Storage

Insiders Place Their Bets

In other news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total value of $195,750.00. Following the transaction, the executive vice president now owns 37,028 shares in the company, valued at approximately $5,369,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CMO Samrat Sondhi sold 2,048 shares of Extra Space Storage stock in a transaction on Monday, March 4th. The stock was sold at an average price of $146.46, for a total transaction of $299,950.08. Following the sale, the chief marketing officer now directly owns 94,126 shares in the company, valued at approximately $13,785,693.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $145.00, for a total transaction of $195,750.00. Following the transaction, the executive vice president now owns 37,028 shares of the company’s stock, valued at approximately $5,369,060. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,532 shares of company stock valued at $514,819. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.