Courier Capital LLC Sells 14,084 Shares of Extra Space Storage Inc. (NYSE:EXR)

Courier Capital LLC decreased its holdings in Extra Space Storage Inc. (NYSE:EXR) by 54.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,753 shares of the real estate investment trust’s stock after selling 14,084 shares during the period. Courier Capital LLC’s holdings in Extra Space Storage were worth $1,728,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Extra Space Storage by 55.7% in the 3rd quarter. Vanguard Group Inc. now owns 33,686,341 shares of the real estate investment trust’s stock worth $4,095,585,000 after purchasing an additional 12,055,172 shares during the period. Norges Bank purchased a new stake in Extra Space Storage in the 4th quarter worth about $1,022,811,000. JPMorgan Chase & Co. increased its position in shares of Extra Space Storage by 599.8% during the third quarter. JPMorgan Chase & Co. now owns 3,345,787 shares of the real estate investment trust’s stock worth $406,781,000 after acquiring an additional 2,867,657 shares during the period. Capital Research Global Investors increased its position in shares of Extra Space Storage by 111.4% during the fourth quarter. Capital Research Global Investors now owns 1,537,317 shares of the real estate investment trust’s stock worth $246,478,000 after acquiring an additional 810,158 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Extra Space Storage by 45.9% during the third quarter. Legal & General Group Plc now owns 2,402,752 shares of the real estate investment trust’s stock worth $292,127,000 after acquiring an additional 756,363 shares during the period. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, 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 sale, the director now directly owns 5,229 shares in the company, valued at $775,042.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.36% of the stock is owned by insiders.

Extra Space Storage Stock Down 0.8 %

EXR traded down $1.25 during trading on Thursday, hitting $155.74. The stock had a trading volume of 1,317,723 shares, compared to its average volume of 1,114,974. The company has a market capitalization of $32.97 billion, a PE ratio of 34.69, a PEG ratio of 3.77 and a beta of 0.81. Extra Space Storage Inc. has a twelve month low of $101.19 and a twelve month high of $164.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a 50 day simple moving average of $146.62 and a two-hundred day simple moving average of $146.72.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.62 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.48 annualized dividend and a yield of 4.16%. Extra Space Storage’s dividend payout ratio (DPR) is 144.32%.

Analyst Ratings Changes

EXR has been the topic of a number of research reports. StockNews.com lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Wells Fargo & Company raised their target price on shares of Extra Space Storage from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Raymond James reaffirmed an “outperform” rating and set a $160.00 target price on shares of Extra Space Storage in a research report on Thursday, March 28th. Evercore ISI reduced their target price on shares of Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price objective on shares of Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.83.

About Extra Space Storage

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.