Barclays PLC Acquires 43,893 Shares of Extra Space Storage Inc. (NYSE:EXR)

Barclays PLC boosted its position in shares of Extra Space Storage Inc. (NYSE:EXRGet Rating) by 30.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,594 shares of the real estate investment trust’s stock after acquiring an additional 43,893 shares during the quarter. Barclays PLC owned 0.14% of Extra Space Storage worth $32,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXR. Private Advisor Group LLC raised its position in Extra Space Storage by 5.6% during the first quarter. Private Advisor Group LLC now owns 1,404 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 74 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Extra Space Storage by 16.5% in the first quarter. Blair William & Co. IL now owns 1,502 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 213 shares during the last quarter. Prudential PLC acquired a new position in shares of Extra Space Storage in the first quarter valued at $625,000. Cetera Investment Advisers increased its holdings in shares of Extra Space Storage by 8.2% in the first quarter. Cetera Investment Advisers now owns 2,522 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 192 shares during the last quarter. Finally, Dakota Wealth Management acquired a new position in shares of Extra Space Storage in the first quarter valued at $332,000. 95.32% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

NYSE:EXR opened at $150.91 on Friday. The company has a market capitalization of $20.21 billion, a PE ratio of 21.90, a P/E/G ratio of 2.09 and a beta of 0.51. The company has a 50 day simple moving average of $152.19 and a two-hundred day simple moving average of $171.75. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.49 and a current ratio of 0.49. Extra Space Storage Inc. has a fifty-two week low of $139.97 and a fifty-two week high of $222.35.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, December 14th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Tuesday, December 13th. Extra Space Storage’s payout ratio is currently 87.08%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXR. Evercore ISI downgraded shares of Extra Space Storage from an “in-line” rating to an “underperform” rating and decreased their price target for the company from $162.00 to $150.00 in a research note on Monday, November 21st. Truist Financial downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating and decreased their price target for the company from $175.00 to $160.00 in a research note on Tuesday, January 17th. Citigroup decreased their price target on shares of Extra Space Storage from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, December 12th. Raymond James upgraded shares of Extra Space Storage from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research note on Monday, January 9th. Finally, StockNews.com assumed coverage on shares of Extra Space Storage in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $170.33.

About Extra Space Storage

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Extra Space Storage, Inc is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores.

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

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