Chilton Capital Management LLC Sells 486 Shares of Extra Space Storage Inc $EXR

Chilton Capital Management LLC lessened its position in shares of Extra Space Storage Inc (NYSE:EXR) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,050 shares of the real estate investment trust’s stock after selling 486 shares during the quarter. Chilton Capital Management LLC’s holdings in Extra Space Storage were worth $6,347,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Extra Space Storage by 205.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,094,555 shares of the real estate investment trust’s stock worth $608,001,000 after purchasing an additional 2,755,265 shares during the period. Nuveen LLC purchased a new stake in Extra Space Storage during the first quarter valued at approximately $257,917,000. AQR Capital Management LLC raised its position in Extra Space Storage by 570.3% in the first quarter. AQR Capital Management LLC now owns 1,124,206 shares of the real estate investment trust’s stock worth $166,180,000 after acquiring an additional 956,500 shares during the period. Resolution Capital Ltd boosted its stake in shares of Extra Space Storage by 259.1% during the 1st quarter. Resolution Capital Ltd now owns 902,157 shares of the real estate investment trust’s stock worth $133,961,000 after acquiring an additional 650,957 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Extra Space Storage by 18.7% during the 1st quarter. Invesco Ltd. now owns 3,056,384 shares of the real estate investment trust’s stock valued at $453,843,000 after acquiring an additional 480,642 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $141.41, for a total transaction of $1,060,575.00. Following the sale, the chief executive officer directly owned 19,760 shares in the company, valued at approximately $2,794,261.60. This represents a 27.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EXR has been the topic of several analyst reports. Citigroup lowered their target price on Extra Space Storage from $165.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company upgraded Extra Space Storage from an “equal weight” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Tuesday, August 26th. Royal Bank Of Canada decreased their target price on shares of 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. Evercore ISI lifted their price target on shares of Extra Space Storage from $147.00 to $149.00 and gave the company a “cautious” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research report on Saturday. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.64.

Extra Space Storage Stock Down 0.2%

EXR opened at $150.46 on Friday. The company has a market capitalization of $31.93 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The firm has a 50-day simple moving average of $143.69 and a two-hundred day simple moving average of $145.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.88. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $175.57.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.01). Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The firm had revenue of $841.62 million during the quarter, compared to analysts’ expectations of $719.43 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Extra Space Storage’s quarterly revenue was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. Extra Space Storage’s dividend payout ratio is presently 140.56%.

About Extra Space Storage

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.