Stephens Inc. AR Trims Holdings in Extra Space Storage Inc. (NYSE:EXR)

Stephens Inc. AR lowered its holdings in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,138 shares of the real estate investment trust’s stock after selling 294 shares during the quarter. Stephens Inc. AR’s holdings in Extra Space Storage were worth $369,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXR. Parkside Financial Bank & Trust raised its holdings in shares of Extra Space Storage by 80.0% during the third quarter. Parkside Financial Bank & Trust now owns 144 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 64 shares in the last quarter. EdgeRock Capital LLC bought a new position in Extra Space Storage in the 3rd quarter worth $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Extra Space Storage in the 2nd quarter worth about $29,000. Ronald Blue Trust Inc. bought a new stake in shares of Extra Space Storage during the 2nd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Extra Space Storage during the third quarter valued at about $35,000. 95.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXR. Wolfe Research lowered shares of Extra Space Storage from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 18th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut shares of Extra Space Storage from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $177.00 to $167.00 in a report on Friday, December 16th. Citigroup decreased their price target on shares of Extra Space Storage from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, December 12th. StockNews.com assumed coverage on shares of Extra Space Storage in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Truist Financial lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating and lowered their target price for the company from $175.00 to $160.00 in a report on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.33.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $151.28 on Tuesday. The company has a 50 day moving average of $152.13 and a 200 day moving average of $171.58. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.72. Extra Space Storage Inc. has a twelve month low of $139.97 and a twelve month high of $222.35. The firm has a market cap of $20.26 billion, a P/E ratio of 21.96, a PEG ratio of 2.07 and a beta of 0.51.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $6.00 annualized dividend and a dividend yield of 3.97%. Extra Space Storage’s payout ratio is 87.08%.

Extra Space Storage Company Profile

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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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