Victory Capital Management Inc. Sells 32,320 Shares of Extra Space Storage Inc. (NYSE:EXR)

Victory Capital Management Inc. lessened its stake in shares of Extra Space Storage Inc. (NYSE:EXRGet Rating) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 205,460 shares of the real estate investment trust’s stock after selling 32,320 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of Extra Space Storage worth $35,485,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its stake in Extra Space Storage by 14.8% during the 3rd quarter. Avantax Advisory Services Inc. now owns 1,610 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 207 shares during the period. Parkside Financial Bank & Trust boosted its stake in Extra Space Storage by 80.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 144 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 64 shares during the period. Great West Life Assurance Co. Can bought a new stake in Extra Space Storage during the 3rd quarter valued at approximately $40,485,000. Assetmark Inc. boosted its stake in Extra Space Storage by 0.8% during the 3rd quarter. Assetmark Inc. now owns 206,349 shares of the real estate investment trust’s stock valued at $35,638,000 after purchasing an additional 1,588 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Extra Space Storage by 8.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 148,817 shares of the real estate investment trust’s stock valued at $25,702,000 after purchasing an additional 11,157 shares during the period. Institutional investors own 95.32% of the company’s stock.

Extra Space Storage Trading Up 0.6 %

EXR stock opened at $150.91 on Friday. The business has a fifty day moving average price of $152.19 and a 200 day moving average price of $171.75. Extra Space Storage Inc. has a fifty-two week low of $139.97 and a fifty-two week high of $222.35. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.09 and a beta of 0.51. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.49 and a quick ratio of 0.49.

Extra Space Storage Announces Dividend

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

Wall Street Analyst Weigh In

EXR has been the subject of several recent analyst reports. Wolfe Research downgraded Extra Space Storage from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. They noted that the move was a valuation call. Raymond James upgraded Extra Space Storage from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, January 9th. Morgan Stanley reduced their price objective on Extra Space Storage from $153.00 to $145.00 and set an “underweight” rating for the company in a research report on Wednesday, December 14th. JPMorgan Chase & Co. downgraded Extra Space Storage from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $177.00 to $167.00 in a research report on Friday, December 16th. Finally, Truist Financial downgraded Extra Space Storage from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $175.00 to $160.00 in a research report on Tuesday, January 17th. 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 data from MarketBeat, Extra Space Storage 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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