IFM Investors Pty Ltd increased its holdings in Extra Space Storage Inc. (NYSE:EXR – Get Rating) by 16.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,881 shares of the real estate investment trust's stock after purchasing an additional 3,171 shares during the period. IFM Investors Pty Ltd's holdings in Extra Space Storage were worth $3,893,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EXR. Riverview Trust Co bought a new stake in Extra Space Storage in the first quarter worth $32,000. Sugarloaf Wealth Management LLC bought a new stake in Extra Space Storage in the second quarter worth $44,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Extra Space Storage in the first quarter worth $55,000. Brown Brothers Harriman & Co. increased its position in Extra Space Storage by 4,500.0% in the first quarter. Brown Brothers Harriman & Co. now owns 322 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 315 shares during the last quarter. Finally, Institutional & Family Asset Management LLC increased its position in Extra Space Storage by 588.5% in the first quarter. Institutional & Family Asset Management LLC now owns 358 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 95.10% of the company's stock.
Get Extra Space Storage alerts:Analyst Ratings Changes
Several research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Extra Space Storage from $228.00 to $184.00 and set a "hold" rating for the company in a research note on Thursday, June 30th. Evercore ISI dropped their price objective on shares of Extra Space Storage from $201.00 to $196.00 and set an "in-line" rating for the company in a research note on Monday, September 19th. JPMorgan Chase & Co. raised shares of Extra Space Storage from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $224.00 to $193.00 in a research note on Wednesday, June 22nd. Truist Financial lifted their price objective on shares of Extra Space Storage from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, August 15th. Finally, KeyCorp lifted their price objective on shares of Extra Space Storage from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.91.
Extra Space Storage Stock Down 1.0 %
NYSE:EXR opened at $172.73 on Friday. Extra Space Storage Inc. has a 1-year low of $156.70 and a 1-year high of $228.84. The company has a 50-day moving average of $194.86 and a 200 day moving average of $189.01. The firm has a market cap of $23.13 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.37 and a beta of 0.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.41 and a quick ratio of 0.41.Extra Space Storage Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, September 14th. Extra Space Storage's dividend payout ratio (DPR) is presently 90.36%.
Extra Space Storage Profile
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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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.
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