Fiduciary Family Office LLC Buys Shares of 1,694 Extra Space Storage Inc $EXR

Fiduciary Family Office LLC bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,694 shares of the real estate investment trust’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Extra Space Storage by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 33,969,485 shares of the real estate investment trust’s stock valued at $5,044,129,000 after acquiring an additional 295,556 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Extra Space Storage by 205.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,094,555 shares of the real estate investment trust’s stock valued at $608,001,000 after acquiring an additional 2,755,265 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Extra Space Storage by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,077,577 shares of the real estate investment trust’s stock valued at $456,989,000 after acquiring an additional 12,607 shares in the last quarter. Invesco Ltd. boosted its position in Extra Space Storage by 18.7% during the 1st quarter. Invesco Ltd. now owns 3,056,384 shares of the real estate investment trust’s stock valued at $453,843,000 after acquiring an additional 480,642 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Extra Space Storage by 1.7% during the 1st quarter. Northern Trust Corp now owns 2,922,828 shares of the real estate investment trust’s stock valued at $434,011,000 after acquiring an additional 47,779 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

NYSE:EXR opened at $150.63 on Wednesday. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $175.57. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $31.97 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11. The stock’s 50-day moving average price is $142.85 and its 200-day moving average price is $144.55.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Extra Space Storage had a net margin of 29.51% and a return on equity of 6.69%. The business had revenue of $841.62 million for the quarter, compared to analyst estimates of $719.43 million. During the same quarter last year, the business earned $2.06 earnings per share. Extra Space Storage’s revenue was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. As a group, equities analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, September 15th. Extra Space Storage’s payout ratio is presently 140.56%.

Insider Transactions at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total value of $1,060,575.00. Following the sale, the chief executive officer directly owned 19,760 shares in the company, valued at approximately $2,794,261.60. The trade was a 27.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EXR shares. Barclays lowered their price objective on 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. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Wednesday, October 8th. UBS Group reduced their target price on Extra Space Storage from $169.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Royal Bank Of Canada reduced their price objective on Extra Space Storage from $160.00 to $148.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and an average target price of $148.64.

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.