Extra Space Storage Inc. (NYSE:EXR) Director Kenneth M. Woolley Sells 6,647 Shares

Extra Space Storage Inc. (NYSE:EXR) Director Kenneth M. Woolley sold 6,647 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $177.23, for a total value of $1,178,047.81. Following the completion of the sale, the director now owns 404,306 shares of the company’s stock, valued at $71,655,152.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Extra Space Storage Stock Down 0.2 %

Shares of NYSE:EXR traded down $0.27 during trading on Monday, hitting $177.63. The company’s stock had a trading volume of 1,273,959 shares, compared to its average volume of 1,035,750. Extra Space Storage Inc. has a fifty-two week low of $101.19 and a fifty-two week high of $179.23. The business has a 50 day moving average price of $167.71 and a two-hundred day moving average price of $153.58. 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 capitalization of $37.61 billion, a PE ratio of 39.48, a P/E/G ratio of 2.56 and a beta of 0.86.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $1.62 per share. The ex-dividend date is Monday, September 16th. This represents a $6.48 annualized dividend and a yield of 3.65%. Extra Space Storage’s payout ratio is 144.32%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXR. Evercore ISI upped their price objective on shares of Extra Space Storage from $167.00 to $170.00 and gave the company an “in-line” rating in a report on Monday. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $172.00 to $155.00 in a report on Monday, August 5th. KeyCorp raised their target price on Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Citigroup reduced 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 report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $168.57.

Institutional Investors Weigh In On Extra Space Storage

Several large investors have recently bought and sold shares of EXR. EdgeRock Capital LLC purchased a new stake in shares of Extra Space Storage during the 2nd quarter worth $25,000. Creekmur Asset Management LLC acquired a new position in shares of Extra Space Storage during the 4th quarter worth about $26,000. Centerpoint Advisors LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth about $27,000. Blue Trust Inc. raised its position in shares of Extra Space Storage by 540.5% during the 2nd quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Extra Space Storage by 2,760.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 286 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

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.