Extra Space Storage Inc. (NYSE:EXR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,018 shares of the real estate investment trust’s stock after purchasing an additional 31,331 shares during the period. Bank of Montreal Can owned approximately 0.11% of Extra Space Storage worth $37,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXR. EdgeRock Capital LLC acquired a new stake in Extra Space Storage during the second quarter worth $25,000. Creekmur Asset Management LLC purchased a new stake in Extra Space Storage in the 4th quarter valued at about $26,000. Centerpoint Advisors LLC acquired a new position in Extra Space Storage in the second quarter valued at about $27,000. Blue Trust Inc. boosted its stake in Extra Space Storage by 540.5% during the second quarter. Blue Trust Inc. now owns 237 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 200 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Extra Space Storage by 2,760.0% during 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 acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $176.61 on Friday. The stock’s 50-day simple moving average is $171.06 and its 200-day simple moving average is $155.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market capitalization of $37.39 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 2.67 and a beta of 0.86. Extra Space Storage Inc. has a fifty-two week low of $101.19 and a fifty-two week high of $184.87.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Monday, September 16th. Extra Space Storage’s payout ratio is 144.32%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXR shares. Barclays increased their price objective on shares of Extra Space Storage from $158.00 to $188.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Scotiabank lifted their price objective on Extra Space Storage from $159.00 to $169.00 and gave the company a “sector underperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their target price on Extra Space Storage from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Raymond James lifted their target price on Extra Space Storage from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus target price of $170.93.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, Director Kenneth M. Woolley sold 6,647 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 404,306 shares in the company, valued at $71,655,152.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Extra Space Storage news, Director Kenneth M. Woolley sold 6,647 shares of Extra Space Storage 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 of the company’s stock, valued at $71,655,152.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP William N. Springer sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 11,919 shares of the company’s stock, valued at $2,089,758.27. 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 ninety days. Insiders own 1.36% of the company’s stock.

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.