Czech National Bank Increases Holdings in Extra Space Storage Inc. (NYSE:EXR)

Czech National Bank increased its holdings in Extra Space Storage Inc. (NYSE:EXR) by 7.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,172 shares of the real estate investment trust’s stock after buying an additional 2,826 shares during the period. Czech National Bank’s holdings in Extra Space Storage were worth $7,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its stake in Extra Space Storage by 19.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 461 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 76 shares in the last quarter. QRG Capital Management Inc. raised its stake in Extra Space Storage by 5.2% in the first quarter. QRG Capital Management Inc. now owns 1,588 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 78 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Extra Space Storage by 2.1% during the second quarter. Park Avenue Securities LLC now owns 3,773 shares of the real estate investment trust’s stock worth $586,000 after purchasing an additional 79 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of Extra Space Storage by 1.2% during the second quarter. Gallacher Capital Management LLC now owns 7,433 shares of the real estate investment trust’s stock worth $1,155,000 after purchasing an additional 86 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of Extra Space Storage by 2.9% during the second quarter. Profund Advisors LLC now owns 3,279 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Down 3.9 %

EXR stock opened at $169.48 on Friday. The company has a market cap of $35.88 billion, a price-to-earnings ratio of 37.75, a PEG 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 12 month low of $101.19 and a 12 month high of $184.87. The firm has a 50-day moving average of $172.75 and a two-hundred day moving average of $157.11.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Monday, September 16th. Extra Space Storage’s dividend payout ratio is presently 144.32%.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were 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 $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 is available through this link. In other Extra Space Storage news, Director Kenneth M. Woolley sold 6,647 shares of Extra Space Storage stock in a transaction dated 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 completion of the transaction, the director now directly owns 404,306 shares of the company’s stock, valued at $71,655,152.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,338,900.00. Following the sale, the chief executive officer now directly owns 24,190 shares in the company, valued at $4,318,398.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,970 shares of company stock worth $3,367,307. Company insiders own 1.36% of the company’s stock.

Analyst Ratings Changes

EXR has been the topic of a number of recent analyst reports. Raymond James upped their price target on Extra Space Storage from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Truist Financial upped their price target on Extra Space Storage from $152.00 to $167.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Evercore ISI upped their price target on Extra Space Storage from $167.00 to $170.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Royal Bank of Canada initiated coverage on Extra Space Storage in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price target on the stock. 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 research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.