Extra Space Storage Inc. (NYSE:EXR) Stock Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,989 shares of the real estate investment trust’s stock after selling 1,317 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of Extra Space Storage worth $18,647,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Extra Space Storage during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Extra Space Storage during the 4th quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in Extra Space Storage by 540.5% during the second quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Extra Space Storage by 200.0% in the fourth 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 during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Extra Space Storage by 19.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 461 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 76 shares during the period. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

EXR has been the subject of a number of research reports. Scotiabank lifted their target price on Extra Space Storage from $140.00 to $159.00 and gave the company a “sector underperform” rating in a research note on Friday, July 19th. Wells Fargo & Company lifted their target price on Extra Space Storage from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays boosted their price target on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Citigroup lowered their price target on Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Finally, StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Two 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. Based on data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and an average target price of $161.92.

Extra Space Storage Stock Performance

NYSE:EXR opened at $169.23 on Tuesday. The company has a 50-day moving average of $160.30 and a 200-day moving average of $148.99. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83. The company has a current ratio of 0.20, a quick ratio of 0.15 and a debt-to-equity ratio of 0.76. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $171.46.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 3.83%. Extra Space Storage’s payout ratio is 144.32%.

Insider Buying and Selling

In other news, Director Joseph J. Bonner sold 677 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $148.22, for a total transaction of $100,344.94. Following the completion of the sale, the director now owns 5,229 shares in the company, valued at approximately $775,042.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $152.58, for a total value of $1,144,350.00. Following the completion of the transaction, the chief executive officer now owns 31,690 shares in the company, valued at approximately $4,835,260.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph J. Bonner sold 677 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $148.22, for a total value of $100,344.94. Following the sale, the director now owns 5,229 shares in the company, valued at approximately $775,042.38. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by insiders.

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.