XTX Topco Ltd Invests $1.54 Million in Extra Space Storage Inc. (NYSE:EXR)

XTX Topco Ltd bought a new stake in Extra Space Storage Inc. (NYSE:EXR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,884 shares of the real estate investment trust’s stock, valued at approximately $1,536,000.

A number of other large investors have also recently made changes to their positions in EXR. Blair William & Co. IL purchased a new stake in Extra Space Storage in the second quarter valued at approximately $221,000. Elo Mutual Pension Insurance Co raised its position in Extra Space Storage by 7.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 20,720 shares of the real estate investment trust’s stock valued at $3,220,000 after purchasing an additional 1,447 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Extra Space Storage by 16.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,844 shares of the real estate investment trust’s stock worth $2,396,000 after purchasing an additional 2,438 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Extra Space Storage by 8.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,599 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 270 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Extra Space Storage by 6.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,402 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 342 shares during the last quarter. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 0.9 %

Shares of NYSE EXR opened at $180.09 on Friday. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. Extra Space Storage Inc. has a 52 week low of $101.19 and a 52 week high of $184.87. The firm has a 50-day moving average price of $169.66 and a 200 day moving average price of $154.46. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.76.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, September 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.60%. Extra Space Storage’s payout ratio is 144.32%.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 2,823 shares of the firm’s stock in a transaction that occurred 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 directly owns 32,855 shares of the company’s stock, valued at approximately $5,815,663.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $152.58, for a total transaction of $1,144,350.00. Following the completion of the transaction, the chief executive officer now owns 31,690 shares in the company, valued at $4,835,260.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of the company’s stock in a transaction dated 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 approximately $5,815,663.55. The disclosure for this sale can be found here. Insiders have sold 18,970 shares of company stock valued at $3,172,757 in the last quarter. 1.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXR. Barclays increased their target price on shares of Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Truist Financial lifted their target price on Extra Space Storage from $152.00 to $167.00 and gave the company a “hold” rating in a research note on Friday, August 16th. KeyCorp boosted their target price on Extra Space Storage from $172.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Raymond James increased their price target on Extra Space Storage from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada started coverage on shares of Extra Space Storage in a research note on Tuesday, September 10th. They issued a “sector perform” rating and a $180.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.