Achmea Investment Management B.V. Sells 17,500 Shares of Extra Space Storage Inc. (NYSE:EXR)

Achmea Investment Management B.V. reduced its stake in Extra Space Storage Inc. (NYSE:EXR) by 80.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,346 shares of the real estate investment trust’s stock after selling 17,500 shares during the quarter. Achmea Investment Management B.V.’s holdings in Extra Space Storage were worth $675,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Extra Space Storage in the 4th quarter worth approximately $1,022,811,000. Boston Partners bought a new position in Extra Space Storage in the 1st quarter valued at $130,554,000. Capital Research Global Investors increased its position in shares of Extra Space Storage by 111.4% during the 4th quarter. Capital Research Global Investors now owns 1,537,317 shares of the real estate investment trust’s stock valued at $246,478,000 after purchasing an additional 810,158 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Extra Space Storage by 2,244.2% during the 1st quarter. Janus Henderson Group PLC now owns 597,729 shares of the real estate investment trust’s stock worth $87,824,000 after purchasing an additional 572,231 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Extra Space Storage by 43.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust’s stock worth $228,899,000 after buying an additional 473,559 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Stock Up 0.3 %

EXR opened at $177.90 on Friday. The firm has a market capitalization of $37.70 billion, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. Extra Space Storage Inc. has a one year low of $101.19 and a one year high of $179.23. The company has a fifty day moving average price of $167.71 and a 200-day moving average price of $153.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.20 and a quick ratio of 0.20.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 2,823 shares of Extra Space Storage stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $177.01, for a total transaction of $499,699.23. Following the completion of the sale, the executive vice president now directly owns 32,855 shares in the company, valued at $5,815,663.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Extra Space Storage news, EVP William N. Springer sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $175.33, for a total transaction of $350,660.00. Following the sale, the executive vice president now owns 11,919 shares in the company, valued at $2,089,758.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $177.01, for a total value of $499,699.23. Following the transaction, the executive vice president now owns 32,855 shares in the company, valued at $5,815,663.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,323 shares of company stock worth $1,994,709. Insiders own 1.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on EXR shares. Royal Bank of Canada started coverage on shares of Extra Space Storage in a research report on Tuesday, September 10th. They issued a “sector perform” rating and a $180.00 price objective on the stock. Truist Financial increased their price objective on Extra Space Storage from $152.00 to $167.00 and gave the company a “hold” rating in a report on Friday, August 16th. Citigroup lowered their target price on 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. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Scotiabank upped their price objective on shares of Extra Space Storage from $159.00 to $169.00 and gave the company a “sector underperform” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.36.

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.