Extra Space Storage Inc. (NYSE:EXR) Stock Position Lessened by Mattson Financial Services LLC

Mattson Financial Services LLC decreased its holdings in Extra Space Storage Inc. (NYSE:EXR) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,348 shares of the real estate investment trust’s stock after selling 70 shares during the quarter. Mattson Financial Services LLC’s holdings in Extra Space Storage were worth $1,865,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Atomi Financial Group Inc. bought a new position in Extra Space Storage during the third quarter valued at about $246,000. Azzad Asset Management Inc. ADV boosted its stake in Extra Space Storage by 4.0% during the third quarter. Azzad Asset Management Inc. ADV now owns 10,593 shares of the real estate investment trust’s stock valued at $1,909,000 after buying an additional 404 shares in the last quarter. GAMMA Investing LLC boosted its stake in Extra Space Storage by 32.0% during the third quarter. GAMMA Investing LLC now owns 2,738 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 664 shares in the last quarter. Czech National Bank boosted its stake in Extra Space Storage by 7.0% during the third quarter. Czech National Bank now owns 43,172 shares of the real estate investment trust’s stock valued at $7,779,000 after buying an additional 2,826 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Extra Space Storage by 3.5% during the third quarter. Handelsbanken Fonder AB now owns 100,231 shares of the real estate investment trust’s stock valued at $18,061,000 after buying an additional 3,352 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $178.52, for a total value of $1,338,900.00. Following the transaction, the chief executive officer now owns 24,190 shares of the company’s stock, valued at approximately $4,318,398.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $178.52, for a total value of $1,338,900.00. Following the transaction, the chief executive officer now owns 24,190 shares of the company’s stock, valued at approximately $4,318,398.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth M. Woolley sold 6,647 shares of the stock in a transaction dated 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 transaction, the director now directly owns 404,306 shares in the company, valued at $71,655,152.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,970 shares of company stock valued at $3,367,307. 1.36% of the stock is currently owned by company insiders.

Extra Space Storage Stock Performance

EXR opened at $170.96 on Wednesday. The stock has a market cap of $36.20 billion, a PE ratio of 38.08, a P/E/G ratio of 2.67 and a beta of 0.86. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.76. Extra Space Storage Inc. has a 1 year low of $101.19 and a 1 year high of $184.87. The stock’s 50 day simple moving average is $172.86 and its 200-day simple moving average is $157.42.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.79%. The ex-dividend date was Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

Analysts Set New Price Targets

EXR has been the subject of several research reports. Royal Bank of Canada initiated coverage on Extra Space Storage in a research note on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 target price for the company. StockNews.com raised Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Truist Financial lifted their price target on Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. KeyCorp lifted their price target 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. Finally, Wells Fargo & Company lifted their price target 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.93.

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.