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

Aptus Capital Advisors LLC lifted its position in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,814 shares of the real estate investment trust’s stock after buying 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 SEC filing.

A number of other large investors have also made changes to their positions in the company. Avantax Advisory Services Inc. increased its position in shares of Extra Space Storage by 14.8% in the 3rd quarter. Avantax Advisory Services Inc. now owns 1,610 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 207 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Extra Space Storage by 80.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 144 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 64 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in Extra Space Storage during the 3rd quarter worth about $40,485,000. Assetmark Inc. increased its holdings in Extra Space Storage by 0.8% during the 3rd quarter. Assetmark Inc. now owns 206,349 shares of the real estate investment trust’s stock worth $35,638,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Extra Space Storage by 8.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 148,817 shares of the real estate investment trust’s stock worth $25,702,000 after purchasing an additional 11,157 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXR. KeyCorp lowered their target price on Extra Space Storage from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, November 30th. StockNews.com started coverage on Extra Space Storage in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Evercore ISI cut Extra Space Storage from an “in-line” rating to an “underperform” rating and decreased their price objective for the company from $162.00 to $150.00 in a report on Monday, November 21st. Morgan Stanley decreased their price objective on Extra Space Storage from $153.00 to $145.00 and set an “underweight” rating for the company in a report on Wednesday, December 14th. Finally, JPMorgan Chase & Co. cut Extra Space Storage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $177.00 to $167.00 in a report on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $170.33.

Extra Space Storage Stock Down 1.4 %

NYSE EXR opened at $151.90 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.72. Extra Space Storage Inc. has a 1-year low of $139.97 and a 1-year high of $222.35. The company has a 50 day moving average of $152.63 and a 200-day moving average of $172.36. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.09 and a beta of 0.51.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, December 14th were paid a $1.50 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $6.00 dividend on an annualized basis and a yield of 3.95%. Extra Space Storage’s dividend payout ratio (DPR) is 87.08%.

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

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