Marshall Wace LLP Has $217.83 Million Stock Holdings in Extra Space Storage Inc $EXR

Marshall Wace LLP boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 60.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,477,404 shares of the real estate investment trust’s stock after buying an additional 554,666 shares during the period. Marshall Wace LLP’s holdings in Extra Space Storage were worth $217,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EXR. GKV Capital Management Co. Inc. acquired a new position in Extra Space Storage in the 1st quarter valued at approximately $29,000. Chung Wu Investment Group LLC acquired a new position in Extra Space Storage in the 2nd quarter worth about $29,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Extra Space Storage in the 2nd quarter valued at $37,000. MTM Investment Management LLC bought a new stake in shares of Extra Space Storage during the 2nd quarter worth about $38,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Extra Space Storage in the 1st quarter valued at approximately $50,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 that occurred on Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total value of $1,060,575.00. Following the transaction, the chief executive officer directly owned 19,760 shares of the company’s stock, valued at approximately $2,794,261.60. This trade represents a 27.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.

Extra Space Storage Stock Performance

NYSE EXR opened at $131.02 on Friday. The company has a 50 day moving average of $138.62 and a 200-day moving average of $143.10. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $165.54. The firm has a market cap of $27.81 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.52 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. The company had revenue of $858.46 million for the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. Extra Space Storage’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, December 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.9%. Extra Space Storage’s payout ratio is currently 144.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXR shares. Morgan Stanley set a $152.00 price target on shares of Extra Space Storage in a research report on Friday. Barclays cut their target price on shares of Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Truist Financial lowered their price target on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, August 19th. Royal Bank Of Canada dropped their price objective on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, Scotiabank decreased their target price on Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $148.60.

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.