Resona Asset Management Co. Ltd. raised its stake in shares of Extra Space Storage Inc (NYSE:EXR – Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 126,926 shares of the real estate investment trust’s stock after purchasing an additional 5,462 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Extra Space Storage were worth $16,362,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXR. Reflection Asset Management purchased a new position in shares of Extra Space Storage during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Extra Space Storage in the 3rd quarter worth approximately $28,000. Rosenberg Matthew Hamilton increased its holdings in Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares in the last quarter. DV Equities LLC bought a new stake in Extra Space Storage during the 4th quarter worth approximately $39,000. Finally, Zions Bancorporation National Association UT raised its stake in Extra Space Storage by 172.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.
Extra Space Storage Price Performance
EXR traded up $1.24 during trading on Friday, reaching $143.92. 876,920 shares of the company traded hands, compared to its average volume of 1,094,788. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $155.19. The firm has a fifty day simple moving average of $144.90 and a 200 day simple moving average of $141.55. The company has a market cap of $30.41 billion, a P/E ratio of 32.27, a PEG ratio of 4.42 and a beta of 1.19.
Extra Space Storage Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s payout ratio is currently 145.29%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Barclays raised their price target on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $153.57.
View Our Latest Stock Report on Extra Space Storage
Insider Buying and Selling
In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by insiders.
Extra Space Storage Profile
Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.
Its business model combines property ownership with third-party management and development activities.
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