Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Extra Space Storage Inc. (NYSE:EXR – Free Report) by 3.1% in the second quarter, HoldingsChannel.com reports. The fund owned 31,029 shares of the real estate investment trust’s stock after selling 1,001 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Extra Space Storage were worth $4,822,000 at the end of the most recent reporting period.

A number of other hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Extra Space Storage in the fourth quarter valued at approximately $3,304,000. State of Tennessee Treasury Department grew its position in shares of Extra Space Storage by 252.1% during the 4th quarter. State of Tennessee Treasury Department now owns 114,819 shares of the real estate investment trust’s stock worth $18,409,000 after which bought an additional 82,207 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Extra Space Storage by 19.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 247,203 shares of the real estate investment trust’s stock valued at $36,307,000 after buying an additional 40,055 shares during the last quarter. Norden Group LLC acquired a new stake in Extra Space Storage during the first quarter valued at approximately $1,947,000. Finally, Gateway Investment Advisers LLC acquired a new stake in Extra Space Storage during the 2nd quarter valued at $16,026,000. 99.11% of shares are held by hedge funds and other institutional investors.

Changes in Analyst Ratings

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their price target on Extra Space Storage from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. StockNews.com raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Scotiabank upped their target price on shares of Extra Space Storage from $159.00 to $169.00 and gave the stock a “sector underperform” rating in a research note on Thursday, August 22nd. Truist Financial boosted their price objective on shares of Extra Space Storage from $152.00 to $167.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, Raymond James boosted their price objective on shares of Extra Space Storage from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, the 23rd July. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $170.93, according to MarketBeat.

Get the latest extra storage research report

Insider buying and selling

In other Extra Space Storage news, Director Kenneth M. Woolley sold 6,647 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 404,306 shares in the company, valued at $71,655,152.38. The transaction was disclosed in a legal filing with the SEC, which is available via this link. In related news, EVP William N. Springer sold 2,000 shares of the company’s stock in a transaction that occurred on 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 approximately $2,089,758.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, Director Kenneth M. Woolley sold 6,647 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 404,306 shares of the company’s stock, valued at approximately $71,655,152.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,970 shares of company stock worth $3,172,757. 1.36% of shares are currently owned by corporate insiders.

Additional storage space Performance price

Shares of Extra Space Storage stock opened at $180.41 on Friday. The company’s fifty day moving average price is $170.03 and its 200 day moving average price is $154.77. Extra Space Storage Inc. has a 12-month low of $101.19 and a 12-month high of $184.87. 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 stock has a market cap of $38.20 billion, a P/E ratio of 40.18, a PEG ratio of 2.56 and a beta of 0.86.

Notice of storage dividends for additional space

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $1.62 per share. This represents a dividend of $6.48 on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, September 16. Extra Space Storage’s payout ratio is currently 144.32%.

About additional storage

(Free Report)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and 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 leasable space operating under the Extra Space, Life Storage and Storage Express brands.

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