Spirit of America Management Corp NY Sells 2,200 Shares of Extra Space Storage Inc. (NYSE:EXR)

Spirit of America Management Corp NY trimmed its position in shares of Extra Space Storage Inc. (NYSE:EXR - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,080 shares of the real estate investment trust's stock after selling 2,200 shares during the period. Spirit of America Management Corp NY's holdings in Extra Space Storage were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,390,830 shares of the real estate investment trust's stock worth $2,412,894,000 after acquiring an additional 227,006 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Extra Space Storage by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,366,107 shares of the real estate investment trust's stock worth $426,349,000 after purchasing an additional 111,137 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Extra Space Storage by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,020,459 shares of the real estate investment trust's stock valued at $364,066,000 after purchasing an additional 189,949 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Extra Space Storage by 17,832.9% in the third quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust's stock valued at $363,783,000 after purchasing an additional 2,007,626 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Extra Space Storage by 724.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust's stock worth $357,100,000 after buying an additional 1,741,320 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company's stock.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the completion of the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at approximately $2,470,286.90. This trade represents a 31.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Diane Olmstead sold 3,081 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $164.56, for a total value of $507,009.36. Following the completion of the transaction, the director now directly owns 5,877 shares in the company, valued at $967,119.12. This represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXR. Barclays decreased their target price on Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. StockNews.com upgraded Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. Evercore ISI reduced their target price on shares of Extra Space Storage from $170.00 to $168.00 and set an "in-line" rating for the company in a research report on Monday, October 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $175.00 price target on shares of Extra Space Storage in a research report on Monday, October 21st. Finally, Scotiabank raised shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $174.00.

Extra Space Storage Trading Down 0.0 %

Shares of EXR traded down $0.04 during mid-day trading on Friday, reaching $156.01. 1,192,100 shares of the company were exchanged, compared to its average volume of 1,361,023. The business has a 50 day simple moving average of $153.06 and a two-hundred day simple moving average of $164.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $33.07 billion, a PE ratio of 40.84, a PEG ratio of 7.77 and a beta of 0.91. Extra Space Storage Inc. has a 52 week low of $131.02 and a 52 week high of $184.87.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Monday, December 16th. Extra Space Storage's dividend payout ratio is currently 169.63%.

Extra Space Storage 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.