Extra Space Storage, Inc. (NYSE:EXR) was the recipient of unusually large options trading on Thursday. Traders acquired 1,719 call options on the stock. This is an increase of approximately 1,876% compared to the average volume of 87 call options.

Shares of EXR stock traded down $0.88 during trading on Friday, reaching $116.12. 1,073,510 shares of the company’s stock were exchanged, compared to its average volume of 837,681. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $14.88 billion, a PE ratio of 24.87, a PEG ratio of 4.98 and a beta of 0.19. Extra Space Storage has a twelve month low of $83.70 and a twelve month high of $124.46. The firm’s fifty day moving average price is $118.24 and its 200-day moving average price is $107.76.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, September 13th. Extra Space Storage’s payout ratio is presently 77.09%.

In other Extra Space Storage news, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $111.78, for a total transaction of $98,366.40. Following the transaction, the executive vice president now owns 66,969 shares of the company’s stock, valued at approximately $7,485,794.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spencer Kirk sold 248,103 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total value of $30,102,336.99. Following the transaction, the director now directly owns 153,069 shares in the company, valued at approximately $18,571,861.77. The disclosure for this sale can be found here. Insiders have sold a total of 265,524 shares of company stock worth $32,159,600 in the last ninety days. Insiders own 3.29% of the company’s stock.

Several hedge funds have recently bought and sold shares of EXR. Nuveen Asset Management LLC increased its holdings in shares of Extra Space Storage by 2,311.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,292,383 shares of the real estate investment trust’s stock worth $137,122,000 after acquiring an additional 1,238,784 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Extra Space Storage by 9.5% during the 2nd quarter. Cohen & Steers Inc. now owns 10,717,434 shares of the real estate investment trust’s stock worth $1,137,120,000 after acquiring an additional 934,146 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Extra Space Storage by 6.1% during the 2nd quarter. BlackRock Inc. now owns 14,115,936 shares of the real estate investment trust’s stock worth $1,497,702,000 after acquiring an additional 813,228 shares during the last quarter. APG Asset Management US Inc. increased its holdings in shares of Extra Space Storage by 61.3% during the 2nd quarter. APG Asset Management US Inc. now owns 2,072,941 shares of the real estate investment trust’s stock worth $219,939,000 after acquiring an additional 787,468 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Extra Space Storage by 10.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,734,660 shares of the real estate investment trust’s stock worth $396,247,000 after acquiring an additional 348,072 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Robert W. Baird set a $121.00 price target on Extra Space Storage and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Citigroup boosted their price target on Extra Space Storage from $103.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus assumed coverage on Extra Space Storage in a research report on Monday, August 19th. They set a “buy” rating and a $131.00 price target on the stock. Zacks Investment Research lowered Extra Space Storage from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday. Finally, Wells Fargo & Co boosted their price target on Extra Space Storage from $114.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $117.04.

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, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

Featured Story: Convertible Shares

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.