Presima Securities ULC trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 29.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,481 shares of the real estate investment trust's stock after selling 4,400 shares during the quarter. Presima Securities ULC's holdings in Extra Space Storage were worth $1,889,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of EXR. Boston Partners purchased a new stake in shares of Extra Space Storage in the 1st quarter worth about $130,554,000. Janus Henderson Group PLC grew its position in shares of Extra Space Storage by 2,244.2% in the first 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 during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Extra Space Storage by 43.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust's stock valued at $228,899,000 after purchasing an additional 473,559 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Extra Space Storage by 543.5% during the 2nd quarter. American Century Companies Inc. now owns 397,170 shares of the real estate investment trust's stock worth $61,724,000 after purchasing an additional 335,447 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Extra Space Storage during the 1st quarter worth approximately $33,912,000. Institutional investors and hedge funds own 99.11% of the company's stock.
EXR stock opened at $172.12 on Thursday. The company has a market cap of $36.44 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 6.47 and a beta of 0.86. 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 stock has a 50-day moving average price of $174.20 and a two-hundred day moving average price of $158.66. Extra Space Storage Inc. has a 12-month low of $101.19 and a 12-month high of $184.87.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Monday, September 16th. Extra Space Storage's payout ratio is currently 144.32%.
Several equities analysts have weighed in on the company. KeyCorp raised their price target on Extra Space Storage from $172.00 to $178.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Barclays lifted their price target on shares of Extra Space Storage from $158.00 to $188.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Jefferies Financial Group raised shares of Extra Space Storage from a "hold" rating to a "buy" rating and lifted their target price for the stock from $162.00 to $204.00 in a research note on Wednesday, September 18th. Finally, StockNews.com raised Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $170.80.
View Our Latest Stock Report on Extra Space Storage
In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the completion of the sale, the chief executive officer now directly owns 24,190 shares in the company, valued at $4,318,398.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kenneth M. Woolley sold 6,647 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $177.23, for a total transaction of $1,178,047.81. Following the transaction, the director now directly owns 404,306 shares of the company's stock, valued at approximately $71,655,152.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $178.52, for a total transaction of $1,338,900.00. Following the sale, the chief executive officer now directly owns 24,190 shares of the company's stock, valued at approximately $4,318,398.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,970 shares of company stock valued at $3,367,307. 1.36% of the stock is currently owned by corporate insiders.
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.
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