Kenneth M. Woolley Sells 2,195 Shares of Extra Space Storage, Inc. (EXR) Stock
Extra Space Storage, Inc. (NYSE:EXR) insider Kenneth M. Woolley sold 2,195 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $86.44, for a total transaction of $189,735.80. Following the transaction, the insider now directly owns 807,444 shares of the company’s stock, valued at $69,795,459.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Extra Space Storage, Inc. (NYSE EXR) opened at $85.05 on Friday. Extra Space Storage, Inc. has a 52-week low of $71.34 and a 52-week high of $88.56. The company has a market cap of $10,716.90, a PE ratio of 19.46, a price-to-earnings-growth ratio of 3.26 and a beta of 0.25. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.75 and a current ratio of 0.93.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, March 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.67%. Extra Space Storage’s dividend payout ratio (DPR) is 82.98%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Extra Space Storage by 2.1% in the fourth quarter. BlackRock Inc. now owns 12,555,071 shares of the real estate investment trust’s stock worth $1,097,941,000 after acquiring an additional 254,959 shares in the last quarter. Deutsche Bank AG grew its position in Extra Space Storage by 2.5% in the fourth quarter. Deutsche Bank AG now owns 2,923,110 shares of the real estate investment trust’s stock worth $255,617,000 after acquiring an additional 71,286 shares in the last quarter. Bank of New York Mellon Corp grew its position in Extra Space Storage by 59.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,209,113 shares of the real estate investment trust’s stock worth $193,186,000 after acquiring an additional 823,278 shares in the last quarter. JPMorgan Chase & Co. grew its position in Extra Space Storage by 65.1% in the third quarter. JPMorgan Chase & Co. now owns 2,178,691 shares of the real estate investment trust’s stock worth $172,290,000 after acquiring an additional 859,212 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Extra Space Storage by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,815,712 shares of the real estate investment trust’s stock worth $145,109,000 after acquiring an additional 41,673 shares in the last quarter.
EXR has been the subject of a number of analyst reports. Jefferies Group set a $90.00 target price on shares of Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, November 28th. Morgan Stanley upgraded shares of Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target on the stock in a research report on Wednesday, December 13th. Wells Fargo & Co set a $93.00 price target on shares of Extra Space Storage and gave the stock a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada boosted their price target on shares of Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.58.
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About Extra Space Storage
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
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