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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 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 | Blackrock Inc. | 6% | 13,576,832 | $1,577,492,143 |
| 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 |
