Extra Space Storage Inc. (NYSE:EXR) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC increased its holdings in Extra Space Storage Inc. (NYSE:EXR) by 24.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,119 shares of the real estate investment trust’s stock after acquiring an additional 412 shares during the quarter. LVW Advisors LLC’s holdings in Extra Space Storage were worth $311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in Extra Space Storage in the 4th quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in shares of Extra Space Storage during the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in Extra Space Storage during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC acquired a new stake in Extra Space Storage during the 4th quarter worth approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Extra Space Storage by 200.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 300 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 200 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXR. Evercore ISI dropped their target price on shares of Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. 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. Wells Fargo & Company increased their target price on shares of Extra Space Storage from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Barclays increased their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Citigroup decreased their price target on Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Two equities research 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 has a consensus rating of “Hold” and a consensus price target of $151.83.

Insider Activity at Extra Space Storage

In related news, Director Joseph J. Bonner sold 677 shares of Extra Space Storage stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $148.22, for a total transaction of $100,344.94. Following the sale, the director now directly owns 5,229 shares in the company, valued at $775,042.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.36% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $155.41 on Monday. Extra Space Storage Inc. has a fifty-two week low of $101.19 and a fifty-two week high of $164.99. The firm’s 50-day simple moving average is $147.08 and its 200 day simple moving average is $146.90. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.73. The stock has a market cap of $32.90 billion, a P/E ratio of 34.61, a P/E/G ratio of 3.73 and a beta of 0.83.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, June 14th. Extra Space Storage’s dividend payout ratio is currently 144.32%.

About Extra Space Storage

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.