Susquehanna Fundamental Investments LLC Sells 12,235 Shares of Extra Space Storage Inc. (NYSE:EXR)

Susquehanna Fundamental Investments LLC cut its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 35.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth about $25,000. Creekmur Asset Management LLC bought a new stake in Extra Space Storage during the 4th quarter worth approximately $26,000. Centerpoint Advisors LLC acquired a new stake in Extra Space Storage during the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its stake in 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 valued at $35,000 after buying an additional 200 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Extra Space Storage by 2,760.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 286 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 276 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Stock Up 0.4 %

EXR stock opened at $177.23 on Monday. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $184.87. The business’s 50 day simple moving average is $171.51 and its 200 day simple moving average is $155.88. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $37.52 billion, a PE ratio of 39.47, a PEG ratio of 2.67 and a beta of 0.86.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $1.62 dividend. The ex-dividend date is Monday, September 16th. This represents a $6.48 annualized dividend and a dividend yield of 3.66%. Extra Space Storage’s dividend payout ratio is currently 144.32%.

Analyst Ratings Changes

EXR has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Raymond James increased their price objective on Extra Space Storage from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Jefferies Financial Group upgraded Extra Space Storage from a “hold” rating to a “buy” rating and boosted their target price for the company from $162.00 to $204.00 in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada assumed coverage on shares of Extra Space Storage in a research note on Tuesday, September 10th. They set a “sector perform” rating and a $180.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

Insider Activity

In related news, Director Kenneth M. Woolley sold 6,647 shares of the company’s 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 transaction, the director now owns 404,306 shares in the company, valued at approximately $71,655,152.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP William N. Springer sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total transaction of $350,660.00. Following the transaction, the executive vice president now directly owns 11,919 shares of the company’s stock, valued at $2,089,758.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth M. Woolley sold 6,647 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $177.23, for a total transaction of $1,178,047.81. Following the transaction, 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 11,470 shares of company stock valued at $2,028,407 over the last ninety days. 1.36% of the stock is currently owned by company insiders.

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.