Courier Capital LLC Sells 846 Shares of Extra Space Storage Inc. (NYSE:EXR)

Courier Capital LLC lessened its holdings in Extra Space Storage Inc. (NYSE:EXR) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,882 shares of the real estate investment trust’s stock after selling 846 shares during the period. Courier Capital LLC’s holdings in Extra Space Storage were worth $1,781,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in Extra Space Storage by 5.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,526 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 129 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Extra Space Storage by 210.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 889 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 603 shares during the period. Buckley Wealth Management LLC raised its stake in Extra Space Storage by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 3,811 shares of the real estate investment trust’s stock worth $687,000 after acquiring an additional 71 shares during the period. OLD National Bancorp IN raised its stake in Extra Space Storage by 10.4% during the 3rd quarter. OLD National Bancorp IN now owns 1,596 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 151 shares during the period. Finally, Raymond James & Associates raised its stake in Extra Space Storage by 6.2% during the 3rd quarter. Raymond James & Associates now owns 291,052 shares of the real estate investment trust’s stock worth $52,445,000 after acquiring an additional 16,927 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insiders Place Their Bets

In other Extra Space Storage news, EVP William N. Springer sold 2,000 shares of Extra Space Storage stock in a transaction 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 $2,089,758.27. 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, EVP William N. Springer sold 2,000 shares of Extra Space Storage stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total transaction of $350,660.00. Following the completion of the sale, the executive vice president now directly owns 11,919 shares in the company, valued at approximately $2,089,758.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of Extra Space Storage stock in a transaction on 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 of the company’s stock, valued at approximately $5,815,663.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,970 shares of company stock valued at $3,367,307 over the last three months. 1.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays raised their target price 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. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $172.00 to $155.00 in a report on Monday, August 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $175.00 price objective on shares of Extra Space Storage in a report on Monday. Finally, Jefferies Financial Group raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and increased their price objective for the company from $162.00 to $204.00 in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $170.80.

Extra Space Storage Trading Up 1.8 %

EXR stock opened at $169.06 on Thursday. The firm has a fifty day moving average price of $174.54 and a 200 day moving average price of $159.45. Extra Space Storage Inc. has a fifty-two week low of $101.19 and a fifty-two week high of $184.87. 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 firm has a market cap of $35.79 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 6.47 and a beta of 0.86.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Monday, September 16th. Extra Space Storage’s payout ratio is 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.