Auxano Advisors LLC Buys 941 Shares of Extra Space Storage Inc. (NYSE:EXR)

Auxano Advisors LLC raised its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 48.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,899 shares of the real estate investment trust’s stock after acquiring an additional 941 shares during the period. Auxano Advisors LLC’s holdings in Extra Space Storage were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXR. Zions Bancorporation N.A. raised its holdings in shares of Extra Space Storage by 241.9% in the third quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Extra Space Storage by 162.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 143 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $32,000. Anchor Investment Management LLC purchased a new position in shares of Extra Space Storage in the 4th quarter worth approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $41,000. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock traded down $3.10 during trading hours on Tuesday, reaching $134.28. The company had a trading volume of 1,800,208 shares, compared to its average volume of 1,174,708. The firm has a market cap of $28.42 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 3.28 and a beta of 0.74. Extra Space Storage Inc. has a one year low of $101.19 and a one year high of $164.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.30 and a quick ratio of 0.30. The business has a fifty day simple moving average of $141.78 and a 200 day simple moving average of $138.42.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $2.03 by ($1.01). The company had revenue of $797.77 million during the quarter, compared to the consensus estimate of $778.05 million. Extra Space Storage had a return on equity of 8.34% and a net margin of 31.81%. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. On average, analysts anticipate that Extra Space Storage Inc. will post 8.05 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.48 annualized dividend and a yield of 4.83%. Extra Space Storage’s dividend payout ratio is currently 131.17%.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $145.00, for a total value of $195,750.00. Following the completion of the transaction, the executive vice president now directly owns 37,028 shares of the company’s stock, valued at approximately $5,369,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CMO Samrat Sondhi sold 2,048 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $146.46, for a total transaction of $299,950.08. Following the completion of the transaction, the chief marketing officer now owns 94,126 shares of the company’s stock, valued at $13,785,693.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gwyn Goodson Mcneal sold 1,350 shares of the company’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 transaction of $195,750.00. Following the completion of the transaction, the executive vice president now owns 37,028 shares in the company, valued at $5,369,060. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,532 shares of company stock valued at $514,819. Company insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXR. The Goldman Sachs Group upped their price objective on Extra Space Storage from $168.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Barclays initiated coverage on shares of Extra Space Storage in a research note on Wednesday, March 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Raymond James reissued an “outperform” rating and set a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. TheStreet raised shares of Extra Space Storage from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, StockNews.com lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $150.17.

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.