J. W. Coons Advisors LLC Acquires 131 Shares of Extra Space Storage Inc. (NYSE:EXR)

J. W. Coons Advisors LLC raised its holdings in shares of Extra Space Storage Inc. (NYSE:EXRFree Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,060 shares of the real estate investment trust’s stock after purchasing an additional 131 shares during the period. J. W. Coons Advisors LLC’s holdings in Extra Space Storage were worth $1,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Extra Space Storage by 55.7% during the third quarter. Vanguard Group Inc. now owns 33,686,341 shares of the real estate investment trust’s stock valued at $4,095,585,000 after acquiring an additional 12,055,172 shares in the last quarter. Principal Financial Group Inc. increased its position in Extra Space Storage by 8.9% during the 4th quarter. Principal Financial Group Inc. now owns 7,083,752 shares of the real estate investment trust’s stock valued at $1,135,738,000 after purchasing an additional 577,918 shares during the period. Norges Bank bought a new position in Extra Space Storage in the 4th quarter worth $1,022,811,000. JPMorgan Chase & Co. lifted its position in shares of Extra Space Storage by 599.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,345,787 shares of the real estate investment trust’s stock worth $406,781,000 after purchasing an additional 2,867,657 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Extra Space Storage by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,219,030 shares of the real estate investment trust’s stock worth $516,107,000 after purchasing an additional 186,940 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXR. StockNews.com downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Wells Fargo & Company raised their target price on Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Scotiabank began coverage on Extra Space Storage in a research report on Tuesday, February 13th. They set a “sector underperform” rating and a $131.00 price target on the stock. Raymond James reiterated an “outperform” rating and issued a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, March 28th. Finally, Barclays boosted their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of “Hold” and an average price target of $151.83.

Read Our Latest Stock Report on Extra Space Storage

Extra Space Storage Stock Performance

Shares of EXR stock opened at $148.02 on Friday. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 3.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15. Extra Space Storage Inc. has a one year low of $101.19 and a one year high of $164.99. The company’s 50-day moving average is $142.80 and its 200 day moving average is $144.30.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, June 14th. Extra Space Storage’s dividend payout ratio (DPR) is currently 144.32%.

Extra Space Storage Company Profile

(Free Report)

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 December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.

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

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