Symphony Financial Ltd. Co. Sells 6,962 Shares of Extra Space Storage Inc $EXR

Symphony Financial Ltd. Co. lowered its position in shares of Extra Space Storage Inc (NYSE:EXR) by 73.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,513 shares of the real estate investment trust’s stock after selling 6,962 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Extra Space Storage were worth $352,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its stake in shares of Extra Space Storage by 8.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 28,122 shares of the real estate investment trust’s stock worth $3,964,000 after buying an additional 2,158 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Extra Space Storage by 6.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock worth $17,982,000 after acquiring an additional 7,831 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Extra Space Storage by 43.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,249 shares of the real estate investment trust’s stock worth $18,780,000 after acquiring an additional 40,625 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Extra Space Storage by 5.7% in the third quarter. UniSuper Management Pty Ltd now owns 84,139 shares of the real estate investment trust’s stock worth $11,859,000 after acquiring an additional 4,531 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Extra Space Storage by 21.0% during the third quarter. Teacher Retirement System of Texas now owns 89,750 shares of the real estate investment trust’s stock valued at $12,649,000 after acquiring an additional 15,580 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $141.49 on Friday. The company has a 50 day moving average price of $134.17 and a 200-day moving average price of $139.58. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $162.77. The firm has a market capitalization of $30.03 billion, a PE ratio of 31.58, a P/E/G ratio of 2.72 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The company had revenue of $858.46 million for the quarter, compared to the consensus estimate of $736.26 million. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, equities research analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXR. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday. Mizuho raised their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Barclays restated an “overweight” rating and issued a $164.00 price objective on shares of Extra Space Storage in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $146.53.

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.