Extra Space Storage Inc $EXR Shares Purchased by Allstate Corp

Allstate Corp lifted its position in Extra Space Storage Inc (NYSE:EXR) by 170.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,018 shares of the real estate investment trust’s stock after buying an additional 8,204 shares during the quarter. Allstate Corp’s holdings in Extra Space Storage were worth $1,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Extra Space Storage by 4.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 80 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the period. Brown Advisory Inc. increased its holdings in shares of Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 80 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Extra Space Storage by 10.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 983 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 91 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Extra Space Storage by 6.5% in the second quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 95 shares in the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Evercore ISI reissued a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating and set a $164.00 price target on shares of Extra Space Storage in a research report on Tuesday, January 13th. Mizuho upped their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Wednesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Extra Space Storage has an average rating of “Hold” and a consensus price target of $146.53.

Extra Space Storage Stock Performance

EXR opened at $145.57 on Wednesday. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $162.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 2.75 and a beta of 1.27. The business has a 50 day moving average price of $133.51 and a two-hundred day moving average price of $139.64.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.02. The company had revenue of $858.46 million during the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Research analysts predict that Extra Space Storage Inc will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

Extra Space Storage 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.