Extra Space Storage Inc. (NYSE:EXR) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in Extra Space Storage Inc. (NYSE:EXR) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,636 shares of the real estate investment trust’s stock after acquiring an additional 272 shares during the period. V Square Quantitative Management LLC’s holdings in Extra Space Storage were worth $394,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Graypoint LLC raised its position in shares of Extra Space Storage by 4.3% in the third quarter. Graypoint LLC now owns 1,575 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 65 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Extra Space Storage by 1.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 68 shares during the period. Buckley Wealth Management LLC raised its position in shares of Extra Space Storage by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 3,811 shares of the real estate investment trust’s stock worth $687,000 after acquiring an additional 71 shares during the period. Bleakley Financial Group LLC raised its position in shares of Extra Space Storage by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 1,973 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 77 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in shares of Extra Space Storage by 5.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,570 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Activity

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $148.01, for a total value of $1,110,075.00. Following the completion of the sale, the chief executive officer now owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $154.96 on Monday. The firm has a 50 day simple moving average of $152.13 and a 200-day simple moving average of $163.97. Extra Space Storage Inc. has a 1-year low of $131.02 and a 1-year high of $184.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91.

Analysts Set New Price Targets

EXR has been the subject of several research analyst reports. Wells Fargo & Company restated an “equal weight” rating and set a $175.00 price target on shares of Extra Space Storage in a research report on Monday, October 21st. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Truist Financial upped their price target on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Barclays reduced their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Scotiabank upgraded shares of Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $174.00.

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.