Extra Space Storage stock is trading -23.77% below its average target price of $152.42 after marking a 8.4% during today's afternoon session. Analysts are giving the large-cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $115.0 to $185.0 per share.
Extra Space Storage's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.9%. The stock's short ratio is 5.53. The company's insiders own 1.05% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 63.1%. In conclusion, we believe there is positive market sentiment regarding Extra Space Storage.
Institutions Invested in Extra Space Storage
|2023-06-30||Vanguard Group Inc||10%||21,631,169||$2,513,325,578|
|2023-06-30||Capital World Investors||8%||17,876,089||$2,077,022,824|
|2023-06-30||State Street Corporation||4%||9,421,581||$1,094,693,519|
|2023-09-30||Principal Financial Group, Inc.||3%||6,505,834||$755,912,868|
|2023-06-30||Cohen & Steers Inc.||3%||5,599,950||$650,658,204|
|2023-06-30||Capital International Investors||2%||4,216,200||$489,880,288|
|2023-06-30||Geode Capital Management, LLC||2%||3,268,025||$379,711,832|
|2023-06-30||Apg Asset Management US Inc.||1%||2,679,523||$311,333,783|
|2022-12-31||Norges Bank Investment Management||1%||2,587,463||$300,637,332|