Extra Space Storage Inc. (NYSE:EXR) Director Joseph J. Bonner Sells 677 Shares

Extra Space Storage Inc. (NYSE:EXRGet Free Report) Director Joseph J. Bonner sold 677 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $148.22, for a total value of $100,344.94. Following the completion of the transaction, the director now directly owns 5,229 shares of the company’s stock, valued at $775,042.38. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Extra Space Storage Price Performance

EXR stock opened at $158.53 on Friday. The stock has a market capitalization of $33.57 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81. The stock’s fifty day simple moving average is $143.46 and its 200-day simple moving average is $145.04. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $164.99. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.73.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, June 14th. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Extra Space Storage by 0.5% in the first quarter. Vanguard Group Inc. now owns 33,686,389 shares of the real estate investment trust’s stock valued at $4,951,899,000 after purchasing an additional 170,380 shares during the period. Principal Financial Group Inc. boosted 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 during the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage during the 4th quarter valued at $1,022,811,000. JPMorgan Chase & Co. increased its holdings in shares of Extra Space Storage by 599.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,345,787 shares of the real estate investment trust’s stock worth $406,781,000 after buying an additional 2,867,657 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Extra Space Storage by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,219,030 shares of the real estate investment trust’s stock worth $516,107,000 after buying an additional 186,940 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Upgrades and Downgrades

EXR has been the subject of a number of research analyst reports. StockNews.com cut Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Raymond James restated an “outperform” rating and set a $160.00 target price on shares of Extra Space Storage in a report on Thursday, March 28th. Evercore ISI reduced their price target on shares of Extra Space Storage from $145.00 to $139.00 in a report on Wednesday, May 1st. Citigroup lowered their price target on shares of Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Finally, Barclays upped their target price on Extra Space Storage from $157.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $151.83.

View Our Latest Stock Analysis on EXR

Extra Space Storage Company Profile

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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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Insider Buying and Selling by Quarter for Extra Space Storage (NYSE:EXR)

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