Bank of Montreal Can Grows Position in Extra Space Storage Inc. (NYSE:EXR)

Bank of Montreal Can raised its position in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 132.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,763 shares of the real estate investment trust’s stock after purchasing an additional 88,624 shares during the quarter. Bank of Montreal Can owned 0.12% of Extra Space Storage worth $27,051,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State of Michigan Retirement System raised its holdings in shares of Extra Space Storage by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 33,779 shares of the real estate investment trust’s stock valued at $6,945,000 after buying an additional 98 shares during the period. CRA Financial Services LLC raised its holdings in shares of Extra Space Storage by 15.4% during the 2nd quarter. CRA Financial Services LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Extra Space Storage by 69.5% during the 1st quarter. Victory Capital Management Inc. now owns 321,855 shares of the real estate investment trust’s stock valued at $65,195,000 after buying an additional 131,977 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Extra Space Storage during the 1st quarter valued at about $251,000. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Extra Space Storage by 65.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,950 shares of the real estate investment trust’s stock valued at $672,000 after buying an additional 1,569 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group dropped their target price on Extra Space Storage from $234.00 to $197.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Truist Financial lifted their price objective on Extra Space Storage from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, August 15th. KeyCorp lifted their price objective on Extra Space Storage from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. StockNews.com started coverage on Extra Space Storage in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley dropped their price objective on Extra Space Storage from $156.00 to $153.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $202.11.

Extra Space Storage Price Performance

Shares of EXR opened at $158.14 on Friday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.28 and a beta of 0.52. The stock has a 50 day moving average of $169.31 and a 200-day moving average of $178.36. 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 52 week low of $149.78 and a 52 week high of $228.84.

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.

Further Reading

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

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