New York State Teachers Retirement System Sells 4,921 Shares of Extra Space Storage Inc. (NYSE:EXR)

New York State Teachers Retirement System trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,265 shares of the real estate investment trust’s stock after selling 4,921 shares during the period. New York State Teachers Retirement System’s holdings in Extra Space Storage were worth $27,716,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EXR. Golden State Wealth Management LLC acquired a new stake in shares of Extra Space Storage during the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Extra Space Storage in the third quarter worth $33,000. Harvest Fund Management Co. Ltd bought a new stake in Extra Space Storage in the 3rd quarter valued at $42,000. Quent Capital LLC increased its holdings in Extra Space Storage by 89.0% in the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 154 shares during the period. Finally, Asset Planning Inc acquired a new position in shares of Extra Space Storage in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXR. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Truist Financial increased their target price on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Scotiabank raised Extra Space Storage from a “sector underperform” rating to a “sector perform” rating and set a $167.00 price target on the stock in a research note on Friday, January 10th. Barclays dropped their price objective on Extra Space Storage from $192.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $174.00.

Insider Buying and Selling at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Price Performance

Shares of EXR stock opened at $154.96 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $32.85 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 7.77 and a beta of 0.91. The firm’s 50 day moving average is $152.13 and its 200-day moving average is $163.94. Extra Space Storage Inc. has a 1 year low of $131.02 and a 1 year high of $184.87.

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.