Extra Space Storage (EXR) Is Up - What Are Investors Seeing in This Stock?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.