Mather Group LLC. Sells 188 Shares of Extra Space Storage Inc $EXR

Mather Group LLC. lowered its position in shares of Extra Space Storage Inc (NYSE:EXR) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,406 shares of the real estate investment trust’s stock after selling 188 shares during the quarter. Mather Group LLC.’s holdings in Extra Space Storage were worth $502,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXR. GKV Capital Management Co. Inc. bought a new stake in shares of Extra Space Storage in the 1st quarter valued at $29,000. Zions Bancorporation National Association UT bought a new position in Extra Space Storage during the first quarter worth about $50,000. Golden State Wealth Management LLC grew its stake in Extra Space Storage by 147.0% in the first quarter. Golden State Wealth Management LLC now owns 405 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 241 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Extra Space Storage in the first quarter worth about $76,000. Finally, Avalon Trust Co acquired a new stake in shares of Extra Space Storage during the first quarter worth about $79,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXR has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $146.00 price objective (down from $169.00) on shares of Extra Space Storage in a research report on Thursday, August 21st. BNP Paribas Exane assumed coverage on shares of Extra Space Storage in a research note on Tuesday, June 24th. They issued a “neutral” rating and a $156.00 price target on the stock. Barclays reduced their price target on shares of Extra Space Storage from $178.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Scotiabank dropped their price objective on shares of Extra Space Storage from $166.00 to $162.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised shares of Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average target price of $148.50.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total transaction of $1,127,625.00. Following the transaction, the chief executive officer owned 27,260 shares of the company’s stock, valued at $4,098,541. The trade was a 21.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Extra Space Storage Stock Up 0.0%

Extra Space Storage stock opened at $137.69 on Friday. The company has a market cap of $29.22 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 3.34 and a beta of 1.09. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $181.52. The company has a fifty day simple moving average of $142.38 and a 200 day simple moving average of $144.70. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88.

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

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.56%.

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.