Extra Space Storage Inc $EXR Stock Holdings Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Extra Space Storage Inc (NYSE:EXR) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,131 shares of the real estate investment trust’s stock after selling 3,900 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Extra Space Storage worth $17,777,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Brown Advisory Inc. increased its stake in Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 80 shares during the period. Versant Capital Management Inc increased its stake in shares of Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 80 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Extra Space Storage by 10.2% during the third quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 91 shares during the period. CX Institutional raised its holdings in Extra Space Storage by 8.7% during the third quarter. CX Institutional now owns 1,193 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 95 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in Extra Space Storage by 6.9% in the third quarter. Simplicity Wealth LLC now owns 1,541 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 100 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Price Performance

EXR stock opened at $137.78 on Monday. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $162.77. The firm has a 50-day moving average of $135.02 and a two-hundred day moving average of $139.15. The firm has a market capitalization of $29.24 billion, a PE ratio of 30.76, a P/E/G ratio of 2.66 and a beta of 1.27. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s payout ratio is 144.64%.

Wall Street Analyst Weigh In

EXR has been the topic of a number of research reports. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Truist Financial boosted their price target on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Barclays reissued an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a report on Tuesday, January 13th. Royal Bank Of Canada lowered their price objective on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, UBS Group cut their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $146.53.

Extra Space Storage Company Profile

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.