OLD National Bancorp IN Purchases 151 Shares of Extra Space Storage Inc. (NYSE:EXR)

OLD National Bancorp IN lifted its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,596 shares of the real estate investment trust’s stock after acquiring an additional 151 shares during the quarter. OLD National Bancorp IN’s holdings in Extra Space Storage were worth $288,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXR. Boston Partners purchased a new stake in Extra Space Storage during the first quarter valued at about $130,554,000. Janus Henderson Group PLC lifted its stake in shares of Extra Space Storage by 2,244.2% during the 1st quarter. Janus Henderson Group PLC now owns 597,729 shares of the real estate investment trust’s stock valued at $87,824,000 after buying an additional 572,231 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Extra Space Storage by 43.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,557,135 shares of the real estate investment trust’s stock worth $228,899,000 after buying an additional 473,559 shares during the period. American Century Companies Inc. grew its stake in Extra Space Storage by 543.5% in the 2nd quarter. American Century Companies Inc. now owns 397,170 shares of the real estate investment trust’s stock valued at $61,724,000 after buying an additional 335,447 shares in the last quarter. Finally, Swedbank AB bought a new stake in Extra Space Storage during the 1st quarter valued at $33,912,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Up 1.8 %

Shares of NYSE:EXR opened at $169.06 on Thursday. The firm has a market capitalization of $35.79 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 6.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.20 and a current ratio of 0.20. Extra Space Storage Inc. has a 52-week low of $101.19 and a 52-week high of $184.87. The firm has a fifty day moving average of $174.54 and a 200 day moving average of $159.45.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Monday, September 16th. Extra Space Storage’s payout ratio is currently 144.32%.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 24,190 shares in the company, valued at $4,318,398.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 24,190 shares of the company’s stock, valued at $4,318,398.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gwyn Goodson Mcneal sold 2,823 shares of Extra Space Storage stock in a transaction dated 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 owns 32,855 shares in the company, valued at approximately $5,815,663.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,970 shares of company stock worth $3,367,307. 1.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Barclays lifted their target price on Extra Space Storage from $158.00 to $188.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Scotiabank increased their price target on shares of Extra Space Storage from $159.00 to $169.00 and gave the stock a “sector underperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada initiated coverage on shares of Extra Space Storage in a research report on Tuesday, September 10th. They issued a “sector perform” rating and a $180.00 price objective for the company. Finally, Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $172.00 to $155.00 in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.80.

Extra Space Storage Company Profile

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.