Susquehanna Fundamental Investments LLC Has $3.53 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

Susquehanna Fundamental Investments LLC lowered its position in Extra Space Storage Inc. (NYSE:EXR) by 35.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,709 shares of the real estate investment trust’s stock after selling 12,235 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Extra Space Storage were worth $3,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth $25,000. Creekmur Asset Management LLC acquired a new position in Extra Space Storage during the fourth quarter worth $26,000. Centerpoint Advisors LLC acquired a new stake in shares of Extra Space Storage in the second quarter worth about $27,000. Blue Trust Inc. lifted its position in shares of Extra Space Storage by 540.5% in the second quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Extra Space Storage by 2,760.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 286 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other news, Director Kenneth M. Woolley sold 6,647 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $177.23, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 2,823 shares of Extra Space Storage stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $177.01, for a total value of $499,699.23. Following the completion of the transaction, the executive vice president now owns 32,855 shares in the company, valued at approximately $5,815,663.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth M. Woolley sold 6,647 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $177.23, for a total value of $1,178,047.81. Following the sale, the director now owns 404,306 shares in the company, valued at approximately $71,655,152.38. The disclosure for this sale can be found here. Insiders have sold a total of 11,470 shares of company stock worth $2,028,407 over the last ninety days. Corporate insiders own 1.36% of the company’s stock.

Extra Space Storage Stock Up 0.4 %

Shares of EXR opened at $177.23 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $171.51 and a two-hundred day moving average price of $155.88. The stock has a market cap of $37.52 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 2.67 and a beta of 0.86. Extra Space Storage Inc. has a 12 month low of $101.19 and a 12 month high of $184.87.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 yield of 3.66%. The ex-dividend date of this dividend is Monday, September 16th. Extra Space Storage’s dividend payout ratio is currently 144.32%.

Analyst Upgrades and Downgrades

EXR has been the topic of a number of research analyst reports. Raymond James raised their target price on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on Extra Space Storage from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada assumed coverage on Extra Space Storage in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price objective for the company. Truist Financial raised their target price on Extra Space Storage from $152.00 to $167.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Barclays upped their price target on Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.93.

Extra Space Storage 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.