CANADA LIFE ASSURANCE Co Has $60.20 Million Holdings in Extra Space Storage Inc. (NYSE:EXR)

CANADA LIFE ASSURANCE Co increased its position in Extra Space Storage Inc. (NYSE:EXR) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,514 shares of the real estate investment trust’s stock after acquiring an additional 49,610 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.19% of Extra Space Storage worth $60,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXR. Norges Bank bought a new position in shares of Extra Space Storage in the fourth quarter worth about $1,022,811,000. Capital Research Global Investors lifted its holdings in shares of Extra Space Storage by 111.4% during the fourth quarter. Capital Research Global Investors now owns 1,537,317 shares of the real estate investment trust’s stock worth $246,478,000 after buying an additional 810,158 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Extra Space Storage by 8.9% during the fourth quarter. Principal Financial Group Inc. now owns 7,083,752 shares of the real estate investment trust’s stock worth $1,135,738,000 after buying an additional 577,918 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Extra Space Storage by 80,945.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 506,533 shares of the real estate investment trust’s stock valued at $81,213,000 after acquiring an additional 505,908 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Extra Space Storage by 25.8% in the fourth quarter. Wellington Management Group LLP now owns 2,199,347 shares of the real estate investment trust’s stock worth $352,621,000 after acquiring an additional 451,242 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

EXR stock traded down $4.61 during midday trading on Wednesday, reaching $161.87. 849,455 shares of the company’s stock traded hands, compared to its average volume of 1,076,992. The company has a 50-day simple moving average of $153.94 and a two-hundred day simple moving average of $147.23. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.73. Extra Space Storage Inc. has a 1-year low of $101.19 and a 1-year high of $171.46. The company has a market cap of $34.27 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.49 and a beta of 0.83.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.00%. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Insider Activity 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 Monday, July 1st. The shares were sold at an average price of $152.58, for a total transaction of $1,144,350.00. Following the sale, the chief executive officer now owns 31,690 shares of the company’s stock, valued at approximately $4,835,260.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph J. Bonner sold 677 shares of Extra Space Storage stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $148.22, for a total transaction of $100,344.94. Following the completion of the sale, the director now owns 5,229 shares in the company, valued at approximately $775,042.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $152.58, for a total transaction of $1,144,350.00. Following the completion of the transaction, the chief executive officer now owns 31,690 shares in the company, valued at $4,835,260.20. The disclosure for this sale can be found here. 1.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXR. StockNews.com upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup lowered their price target on shares of Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Barclays upped their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. 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 research note on Tuesday. Finally, Scotiabank upped their price objective on Extra Space Storage from $140.00 to $159.00 and gave the company a “sector underperform” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $156.42.

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.