UBS Group AG Has $84.38 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

UBS Group AG increased its holdings in Extra Space Storage Inc. (NYSE:EXR) by 25.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 526,274 shares of the real estate investment trust’s stock after buying an additional 108,151 shares during the period. UBS Group AG’s holdings in Extra Space Storage were worth $84,378,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. raised its holdings in Extra Space Storage by 4.5% in the 4th quarter. Whittier Trust Co. now owns 1,656 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 72 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Extra Space Storage by 19.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 706 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 113 shares during the period. Parkside Financial Bank & Trust grew its stake in Extra Space Storage by 30.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 515 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 119 shares in the last quarter. Private Advisor Group LLC increased its holdings in Extra Space Storage by 0.6% in the 4th quarter. Private Advisor Group LLC now owns 21,563 shares of the real estate investment trust’s stock valued at $3,457,000 after buying an additional 119 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of Extra Space Storage by 2.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,050 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 142 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Insider Activity at Extra Space Storage

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

Extra Space Storage Price Performance

Extra Space Storage stock opened at $146.36 on Thursday. The stock’s 50 day moving average price is $142.22 and its two-hundred day moving average price is $142.52. The stock has a market capitalization of $30.99 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 3.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $164.99.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $778.05 million. During the same quarter in the previous year, the business posted $2.09 earnings per share. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. On average, equities analysts predict that Extra Space Storage Inc. will post 8.05 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Deutsche Bank Aktiengesellschaft started coverage on Extra Space Storage in a report on Tuesday, January 30th. They issued a “hold” rating and a $141.00 target price for the company. Evercore ISI decreased their price target on shares of Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. Barclays lifted their target price on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Scotiabank started coverage on Extra Space Storage in a research report on Tuesday, February 13th. They set a “sector underperform” rating and a $131.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $149.75.

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.