Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its position in Extra Space Storage Inc. (NYSE:EXR) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 75,377 shares of the real estate investment trust’s stock after selling 537 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Extra Space Storage were worth $11,714,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Extra Space Storage by 0.5% during the first quarter. Vanguard Group Inc. now owns 33,686,389 shares of the real estate investment trust’s stock worth $4,951,899,000 after buying an additional 170,380 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Extra Space Storage by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,549,231 shares of the real estate investment trust’s stock worth $551,586,000 after purchasing an additional 157,763 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Extra Space Storage by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,127,012 shares of the real estate investment trust’s stock worth $485,973,000 after purchasing an additional 45,717 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Extra Space Storage by 7.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 2,965,638 shares of the real estate investment trust’s stock worth $460,890,000 after purchasing an additional 198,888 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in Extra Space Storage by 1.3% in the first quarter. Centersquare Investment Management LLC now owns 2,546,475 shares of the real estate investment trust’s stock valued at $341,941,000 after buying an additional 32,591 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, Director Kenneth M. Woolley sold 6,647 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $177.23, for a total value of $1,178,047.81. Following the sale, the director now owns 404,306 shares of the company’s stock, valued at $71,655,152.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kenneth M. Woolley sold 6,647 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $177.23, for a total value of $1,178,047.81. Following the sale, the director now directly owns 404,306 shares in the company, valued at $71,655,152.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $152.58, for a total value of $1,144,350.00. Following the completion of the sale, the chief executive officer now owns 31,690 shares in the company, valued at $4,835,260.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,970 shares of company stock valued at $3,172,757. Insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXR. Truist Financial boosted their price objective on Extra Space Storage from $152.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Barclays boosted their price objective on Extra Space Storage from $158.00 to $188.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $172.00 to $155.00 in a research note on Monday, August 5th. KeyCorp boosted their price objective on Extra Space Storage from $172.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

Extra Space Storage Trading Up 0.4 %

Shares of EXR stock opened at $177.23 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $37.52 billion, a PE ratio of 39.47, a P/E/G ratio of 2.67 and a beta of 0.86. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $184.87. The business’s fifty day moving average price is $171.25 and its 200 day moving average price is $155.65.

Extra Space Storage Announces Dividend

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

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.