Mutual of America Capital Management LLC Raises Stake in Extra Space Storage Inc. (NYSE:EXR)

Mutual of America Capital Management LLC raised its position in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,567 shares of the real estate investment trust’s stock after acquiring an additional 256 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Extra Space Storage were worth $3,839,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its stake in Extra Space Storage by 0.3% in the first quarter. State of Michigan Retirement System now owns 33,779 shares of the real estate investment trust’s stock worth $6,945,000 after acquiring an additional 98 shares during the last quarter. CRA Financial Services LLC lifted its position 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 worth $255,000 after buying an additional 200 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 worth $65,195,000 after buying an additional 131,977 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Extra Space Storage during the 1st quarter worth approximately $251,000. Finally, Vestmark Advisory Solutions Inc. lifted its position 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 worth $672,000 after buying an additional 1,569 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR opened at $158.14 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $21.18 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.28 and a beta of 0.52. The company’s fifty day moving average is $169.31 and its two-hundred day moving average is $178.36. Extra Space Storage Inc. has a 1 year low of $149.78 and a 1 year high of $228.84.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Extra Space Storage in a research report on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group reduced their price objective on shares of Extra Space Storage from $234.00 to $197.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Morgan Stanley cut their target price on shares of Extra Space Storage from $156.00 to $153.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. KeyCorp lifted their target price on shares of Extra Space Storage from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. Finally, Citigroup lifted their target price on shares of Extra Space Storage to $229.00 in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Extra Space Storage has an average rating of “Hold” and an average target price of $202.11.

About Extra Space Storage

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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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