Squarepoint Ops LLC Has $4.29 Million Stake in Extra Space Storage Inc. (NYSE:EXR)

Squarepoint Ops LLC raised its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 382.2% in the 2nd quarter, Holdings Channel reports. The firm owned 27,630 shares of the real estate investment trust’s stock after purchasing an additional 21,900 shares during the quarter. Squarepoint Ops LLC’s holdings in Extra Space Storage were worth $4,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Extra Space Storage by 0.5% during the first quarter. Vanguard Group Inc. now owns 33,686,389 shares of the real estate investment trust’s stock worth $4,951,899,000 after acquiring an additional 170,380 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Extra Space Storage by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,549,231 shares of the real estate investment trust’s stock worth $551,586,000 after purchasing an additional 157,763 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Extra Space Storage by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,127,012 shares of the real estate investment trust’s stock worth $485,973,000 after purchasing an additional 45,717 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Extra Space Storage by 7.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 2,965,638 shares of the real estate investment trust’s stock valued at $460,890,000 after purchasing an additional 198,888 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Extra Space Storage by 1.3% during the first quarter. Centersquare Investment Management LLC now owns 2,546,475 shares of the real estate investment trust’s stock worth $341,941,000 after buying an additional 32,591 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $1,178,047.81. Following the completion of the sale, the director now owns 404,306 shares in the company, valued at approximately $71,655,152.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP William N. Springer sold 2,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $175.33, for a total value of $350,660.00. Following the transaction, the executive vice president now owns 11,919 shares of the company’s stock, valued at approximately $2,089,758.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth M. Woolley sold 6,647 shares of the firm’s stock in a transaction 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 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 sold a total of 11,470 shares of company stock worth $2,028,407 over the last ninety days. 1.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Extra Space Storage from $158.00 to $188.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI boosted their target price on shares of Extra Space Storage from $167.00 to $170.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Raymond James raised their price target on shares of Extra Space Storage from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Truist Financial upped their target price 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. Finally, StockNews.com upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Two 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’s stock. According to MarketBeat, Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $170.93.

Extra Space Storage Trading Up 1.7 %

Shares of Extra Space Storage stock opened at $180.20 on Tuesday. The company’s 50-day moving average price is $171.51 and its 200-day moving average price is $155.94. 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 company has a market cap of $38.15 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.67 and a beta of 0.86.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

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.