Banque Cantonale Vaudoise Has $733,000 Position in Extra Space Storage Inc. (NYSE:EXR)

Banque Cantonale Vaudoise raised its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 112.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,922 shares of the real estate investment trust’s stock after purchasing an additional 2,600 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Extra Space Storage were worth $733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXR. First Horizon Advisors Inc. increased its position in Extra Space Storage by 1,272.7% during the 1st quarter. First Horizon Advisors Inc. now owns 151 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Money Concepts Capital Corp acquired a new stake in Extra Space Storage during the 4th quarter valued at approximately $27,000. CNB Bank acquired a new stake in Extra Space Storage during the 1st quarter valued at approximately $32,000. V Square Quantitative Management LLC acquired a new stake in Extra Space Storage during the 2nd quarter valued at approximately $42,000. Finally, Brown Brothers Harriman & Co. increased its position in Extra Space Storage by 5,833.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 356 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 66.40% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, Director Joseph J. Bonner sold 956 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $125.64, for a total transaction of $120,111.84. Following the completion of the sale, the director now directly owns 4,504 shares of the company’s stock, valued at approximately $565,882.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Joseph J. Bonner sold 956 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $125.64, for a total transaction of $120,111.84. Following the completion of the sale, the director now directly owns 4,504 shares of the company’s stock, valued at approximately $565,882.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph D. Margolis bought 4,200 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $118.21 per share, with a total value of $496,482.00. Following the completion of the transaction, the chief executive officer now owns 31,301 shares in the company, valued at $3,700,091.21. The disclosure for this purchase can be found here. 1.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James decreased their target price on shares of Extra Space Storage from $165.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Tuesday, October 24th. The Goldman Sachs Group assumed coverage on Extra Space Storage in a report on Wednesday, September 27th. They set a “buy” rating and a $153.00 price target on the stock. Truist Financial cut their price target on Extra Space Storage from $155.00 to $138.00 and set a “hold” rating on the stock in a report on Tuesday, August 29th. Citigroup cut their price target on Extra Space Storage from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, September 13th. Finally, Stifel Nicolaus cut their price target on Extra Space Storage from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $142.64.

Extra Space Storage Trading Up 0.4 %

NYSE EXR opened at $130.04 on Thursday. The firm has a market capitalization of $27.47 billion, a P/E ratio of 23.90, a PEG ratio of 0.68 and a beta of 0.63. The business has a fifty day simple moving average of $117.67 and a 200 day simple moving average of $133.93. Extra Space Storage Inc. has a 12 month low of $101.19 and a 12 month high of $170.30. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.70.

Extra Space Storage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $1.62 dividend. This is a positive change from Extra Space Storage’s previous quarterly dividend of $0.61. This represents a $6.48 dividend on an annualized basis and a yield of 4.98%. Extra Space Storage’s dividend payout ratio is presently 44.85%.

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 June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, DC The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space.