Arkadios Wealth Advisors Grows Stock Position in Extra Space Storage Inc $EXR

Arkadios Wealth Advisors boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,393 shares of the real estate investment trust’s stock after acquiring an additional 855 shares during the quarter. Arkadios Wealth Advisors’ holdings in Extra Space Storage were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of Extra Space Storage by 7.2% during the first quarter. D.A. Davidson & CO. now owns 1,895 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 127 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Extra Space Storage by 1.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,222 shares of the real estate investment trust’s stock valued at $3,285,000 after purchasing an additional 398 shares during the period. IFP Advisors Inc increased its holdings in Extra Space Storage by 1,376.5% during the 1st quarter. IFP Advisors Inc now owns 1,698 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 1,583 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Extra Space Storage during the 1st quarter valued at approximately $1,472,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Extra Space Storage by 6.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the real estate investment trust’s stock worth $938,000 after buying an additional 408 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EXR shares. Royal Bank Of Canada reduced their target price on Extra Space Storage from $160.00 to $148.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. UBS Group cut their price target on shares of Extra Space Storage from $169.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $146.00 target price (down from $169.00) on shares of Extra Space Storage in a research report on Thursday, August 21st. Finally, Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.64.

Insider Activity

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $141.41, for a total value of $1,060,575.00. Following the sale, the chief executive officer directly owned 19,760 shares of the company’s stock, valued at $2,794,261.60. The trade was a 27.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.96% of the company’s stock.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $133.65 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $28.37 billion, a P/E ratio of 29.83, a P/E/G ratio of 2.56 and a beta of 1.11. The business has a fifty day simple moving average of $143.87 and a two-hundred day simple moving average of $145.25. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $175.57.

Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. The firm had revenue of $838.53 million for the quarter, compared to the consensus estimate of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.53%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. On average, equities analysts forecast that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, September 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 140.56%.

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.