Bridgewater Associates LP Boosts Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Bridgewater Associates LP raised its holdings in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 78.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,600 shares of the real estate investment trust’s stock after purchasing an additional 23,956 shares during the period. Bridgewater Associates LP’s holdings in Extra Space Storage were worth $9,289,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Signaturefd LLC grew its stake in Extra Space Storage by 55.0% during the first quarter. Signaturefd LLC now owns 631 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 224 shares in the last quarter. Metis Global Partners LLC lifted its position in Extra Space Storage by 81.2% during the first quarter. Metis Global Partners LLC now owns 2,118 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 949 shares during the last quarter. Arizona State Retirement System lifted its position in Extra Space Storage by 2.3% during the first quarter. Arizona State Retirement System now owns 37,270 shares of the real estate investment trust’s stock valued at $7,663,000 after purchasing an additional 839 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Extra Space Storage by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 126,617 shares of the real estate investment trust’s stock valued at $26,032,000 after purchasing an additional 927 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Extra Space Storage by 20.5% during the first quarter. Commonwealth Equity Services LLC now owns 15,272 shares of the real estate investment trust’s stock valued at $3,140,000 after purchasing an additional 2,603 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Extra Space Storage Trading Down 0.5 %

NYSE:EXR opened at $156.74 on Wednesday. The company has a fifty day moving average of $167.71 and a 200 day moving average of $177.84. Extra Space Storage Inc. has a 52 week low of $149.78 and a 52 week high of $228.84. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $20.99 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.23 and a beta of 0.52.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, December 13th. Extra Space Storage’s payout ratio is currently 87.08%.

Analyst Ratings Changes

EXR has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Extra Space Storage from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, August 15th. StockNews.com initiated coverage on shares of Extra Space Storage in a report on Wednesday, October 12th. They issued a “hold” rating for the company. KeyCorp boosted their price objective on shares of Extra Space Storage from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. Citigroup boosted their price objective on shares of Extra Space Storage to $229.00 in a report on Monday, August 22nd. Finally, Evercore ISI lowered shares of Extra Space Storage from an “in-line” rating to an “underperform” rating and lowered their price objective for the stock from $162.00 to $150.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $197.89.

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.

See Also

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

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