Aptus Capital Advisors LLC Has $3.25 Million Stock Position in Extra Space Storage Inc. (NYSE:EXR)

Aptus Capital Advisors LLC grew its stake in shares of Extra Space Storage Inc. (NYSE:EXRGet Rating) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,814 shares of the real estate investment trust’s stock after purchasing an additional 551 shares during the period. Aptus Capital Advisors LLC’s holdings in Extra Space Storage were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. CRA Financial Services LLC increased its position in shares of Extra Space Storage by 15.4% during the second quarter. CRA Financial Services LLC now owns 1,500 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 200 shares in the last quarter. EdgeRock Capital LLC bought a new stake in shares of Extra Space Storage during the third quarter worth about $27,000. Veriti Management LLC bought a new stake in shares of Extra Space Storage during the third quarter worth about $209,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Extra Space Storage by 16.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,124 shares of the real estate investment trust’s stock worth $872,000 after acquiring an additional 725 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in shares of Extra Space Storage by 119.8% during the second quarter. Point72 Hong Kong Ltd now owns 23,843 shares of the real estate investment trust’s stock worth $4,056,000 after acquiring an additional 12,997 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXR shares. Citigroup reduced their price objective on shares of Extra Space Storage from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, December 12th. KeyCorp reduced their price objective on shares of Extra Space Storage from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, November 30th. JPMorgan Chase & Co. downgraded shares of Extra Space Storage from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $177.00 to $167.00 in a research report on Friday, December 16th. Morgan Stanley reduced their price objective on shares of Extra Space Storage from $153.00 to $145.00 and set an “underweight” rating for the company in a research report on Wednesday, December 14th. Finally, StockNews.com started coverage on shares of Extra Space Storage in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.33.

Extra Space Storage Stock Down 1.4 %

Extra Space Storage stock opened at $151.90 on Tuesday. Extra Space Storage Inc. has a twelve month low of $139.97 and a twelve month high of $222.35. The firm has a 50 day moving average price of $152.63 and a 200-day moving average price of $172.36. The company has a market capitalization of $20.34 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.09 and a beta of 0.51. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.72.

Extra Space Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Tuesday, December 13th. Extra Space Storage’s dividend payout ratio is currently 87.08%.

About Extra Space Storage

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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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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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