Pittenger & Anderson Inc. Has $71,000 Holdings in Extra Space Storage Inc. (NYSE:EXR)

Pittenger & Anderson Inc. lowered its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 97.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 445 shares of the real estate investment trust’s stock after selling 17,813 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Extra Space Storage were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation N.A. increased its position 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 worth $26,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Extra Space Storage in the 3rd quarter valued at about $32,000. Anchor Investment Management LLC acquired a new position in shares of Extra Space Storage in the 4th quarter valued at approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Extra Space Storage during the 4th quarter worth approximately $41,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Extra Space Storage Trading Up 0.4 %

Shares of NYSE:EXR traded up $0.55 during mid-day trading on Friday, reaching $134.38. 364,696 shares of the company’s stock were exchanged, compared to its average volume of 1,163,499. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.30 and a current ratio of 0.30. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $164.99. The firm has a market capitalization of $28.44 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.31 and a beta of 0.74. The business’s fifty day moving average price is $142.03 and its 200-day moving average price is $137.98.

Extra Space Storage (NYSE:EXR) last announced its 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 8.34% and a net margin of 31.81%. The company had revenue of $797.77 million for the quarter, compared to the consensus estimate of $778.05 million. During the same period in the prior year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, research analysts predict that Extra Space Storage Inc. will post 8.05 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Thursday, March 14th. Extra Space Storage’s dividend payout ratio is presently 131.17%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James restated an “outperform” rating and set a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, March 28th. Barclays initiated coverage on Extra Space Storage in a report on Wednesday, March 27th. They set an “overweight” rating and a $157.00 price target for the company. StockNews.com cut Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. TheStreet raised shares of Extra Space Storage from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Extra Space Storage in a report on Tuesday, January 30th. They set a “hold” rating and a $141.00 price target on the stock. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $150.17.

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.