Perpetual Ltd Sells 4,168 Shares of Extra Space Storage Inc. (NYSE:EXR)

Perpetual Ltd reduced its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,308 shares of the real estate investment trust’s stock after selling 4,168 shares during the quarter. Perpetual Ltd’s holdings in Extra Space Storage were worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners bought a new position in Extra Space Storage during the 1st quarter worth about $130,554,000. Janus Henderson Group PLC lifted its position 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 worth $87,824,000 after purchasing an additional 572,231 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Extra Space Storage by 43.7% during 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 in the last quarter. Wellington Management Group LLP increased its holdings in Extra Space Storage by 25.8% during the fourth quarter. Wellington Management Group LLP now owns 2,199,347 shares of the real estate investment trust’s stock valued at $352,621,000 after buying an additional 451,242 shares during the period. Finally, American Century Companies Inc. raised its stake in Extra Space Storage by 543.5% in the second quarter. American Century Companies Inc. now owns 397,170 shares of the real estate investment trust’s stock worth $61,724,000 after buying an additional 335,447 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Gwyn Goodson Mcneal sold 2,823 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $177.01, for a total value of $499,699.23. Following the sale, the executive vice president now directly owns 32,855 shares of the company’s stock, valued at $5,815,663.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 sale, the executive vice president now owns 32,855 shares in the company, valued at $5,815,663.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $178.52, for a total value of $1,338,900.00. Following the sale, the chief executive officer now directly owns 24,190 shares in the company, valued at approximately $4,318,398.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,970 shares of company stock worth $3,367,307. 1.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $172.00 to $155.00 in a research report on Monday, August 5th. Scotiabank lifted their target price on Extra Space Storage from $159.00 to $169.00 and gave the company a “sector underperform” rating in a research note on Thursday, August 22nd. Barclays increased their price target on shares of Extra Space Storage from $158.00 to $188.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Royal Bank of Canada began coverage on shares of Extra Space Storage in a research report on Tuesday, September 10th. They issued a “sector perform” rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.93.

Extra Space Storage Stock Down 1.3 %

Extra Space Storage stock opened at $169.77 on Friday. The business’s 50-day simple moving average is $173.27 and its two-hundred day simple moving average is $157.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $35.94 billion, a PE ratio of 37.81, a PEG ratio of 2.67 and a beta of 0.86. Extra Space Storage Inc. has a fifty-two week low of $101.19 and a fifty-two week high of $184.87.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $1.62 dividend. The ex-dividend date was Monday, September 16th. This represents a $6.48 annualized dividend and a yield of 3.82%. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Extra Space Storage Company 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.