Coldstream Capital Management Inc. Sells 22,772 Shares of Extra Space Storage Inc. (NYSE:EXR)

Coldstream Capital Management Inc. lowered its holdings in Extra Space Storage Inc. (NYSE:EXR) by 88.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,995 shares of the real estate investment trust’s stock after selling 22,772 shares during the period. Coldstream Capital Management Inc.’s holdings in Extra Space Storage were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Whittier Trust Co. lifted its position in Extra Space Storage by 4.5% during the fourth quarter. Whittier Trust Co. now owns 1,656 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 72 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Extra Space Storage by 19.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 706 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 113 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Extra Space Storage by 30.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 515 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 119 shares in the last quarter. Private Advisor Group LLC increased its stake in Extra Space Storage by 0.6% in the fourth quarter. Private Advisor Group LLC now owns 21,563 shares of the real estate investment trust’s stock valued at $3,457,000 after acquiring an additional 119 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Extra Space Storage by 2.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,050 shares of the real estate investment trust’s stock valued at $810,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $142.63 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $142.23 and a 200-day moving average price of $142.52. The company has a market cap of $30.20 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 3.51 and a beta of 0.76. Extra Space Storage Inc. has a 12 month low of $101.19 and a 12 month high of $164.99.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($1.01). Extra Space Storage had a net margin of 29.10% and a return on equity of 6.76%. The business had revenue of $797.77 million for the quarter, compared to the consensus estimate of $778.05 million. During the same period in the previous year, the company earned $2.09 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that Extra Space Storage Inc. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

EXR has been the subject of a number of research reports. Evercore ISI cut their price objective on Extra Space Storage from $145.00 to $139.00 in a report on Wednesday, May 1st. Wells Fargo & Company increased their price target on shares of Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Extra Space Storage in a research note on Tuesday, January 30th. They set a “hold” rating and a $141.00 price target on the stock. Barclays upped their price objective on shares of Extra Space Storage from $157.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Raymond James reiterated an “outperform” rating and issued a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $149.75.

Insider Activity at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $145.00, for a total value of $195,750.00. Following the sale, the executive vice president now owns 37,028 shares in the company, valued at $5,369,060. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 1,350 shares of Extra Space Storage stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the sale, the executive vice president now directly owns 37,028 shares of the company’s stock, valued at approximately $5,369,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Samrat Sondhi sold 2,048 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the transaction, the chief marketing officer now owns 94,126 shares in the company, valued at approximately $13,785,693.96. The disclosure for this sale can be found here. Insiders sold a total of 3,532 shares of company stock worth $514,819 over the last quarter. 1.36% of the stock is owned by corporate insiders.

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.