1,481 Shares in Extra Space Storage Inc. (NYSE:EXR) Purchased by Stiles Financial Services Inc

Stiles Financial Services Inc acquired a new stake in shares of Extra Space Storage Inc. (NYSE:EXR) in the second quarter, Holdings Channel reports. The firm acquired 1,481 shares of the real estate investment trust’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXR. Norges Bank bought a new stake in Extra Space Storage during the 4th quarter valued at about $1,022,811,000. Boston Partners bought a new stake in shares of Extra Space Storage in the 1st quarter valued at about $130,554,000. Capital Research Global Investors raised its holdings in shares of Extra Space Storage by 111.4% in the 4th quarter. Capital Research Global Investors now owns 1,537,317 shares of the real estate investment trust’s stock valued at $246,478,000 after purchasing an additional 810,158 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Extra Space Storage by 8.9% in the 4th quarter. Principal Financial Group Inc. now owns 7,083,752 shares of the real estate investment trust’s stock valued at $1,135,738,000 after purchasing an additional 577,918 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Extra Space Storage by 2,244.2% in the 1st quarter. Janus Henderson Group PLC now owns 597,729 shares of the real estate investment trust’s stock valued at $87,824,000 after purchasing an additional 572,231 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 0.8 %

NYSE:EXR opened at $177.00 on Tuesday. The company has a market cap of $37.48 billion, a PE ratio of 39.42, a P/E/G ratio of 2.58 and a beta of 0.83. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $179.23. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $163.58 and its two-hundred day moving average is $151.10.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

Analyst Ratings Changes

EXR has been the subject of several recent research reports. StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Citigroup reduced their price target on shares of Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, June 7th. Evercore ISI boosted their price target on shares of Extra Space Storage from $166.00 to $167.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Raymond James boosted their price target on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Barclays boosted their price objective on shares of Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $166.58.

Insider Buying and Selling

In other Extra Space Storage news, EVP William N. Springer sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total transaction of $350,660.00. Following the completion of the transaction, the executive vice president now directly owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP William N. Springer sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total value of $350,660.00. Following the completion of the transaction, the executive vice president now owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $177.01, for a total value of $499,699.23. Following the completion of the sale, the executive vice president now owns 32,855 shares in the company, valued at approximately $5,815,663.55. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock valued at $2,095,054 over the last quarter. 1.36% of the stock is currently owned by company 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.