ABC Arbitrage SA Makes New $1.81 Million Investment in Extra Space Storage Inc $EXR

ABC Arbitrage SA bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,839 shares of the real estate investment trust’s stock, valued at approximately $1,810,000.

A number of other institutional investors have also made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Extra Space Storage by 15.5% during the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after purchasing an additional 661 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Extra Space Storage during the second quarter valued at approximately $457,000. Janney Montgomery Scott LLC increased its holdings in shares of Extra Space Storage by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,360 shares of the real estate investment trust’s stock valued at $938,000 after purchasing an additional 408 shares in the last quarter. Finally, Callan Family Office LLC increased its holdings in shares of Extra Space Storage by 183.1% in the second quarter. Callan Family Office LLC now owns 3,921 shares of the real estate investment trust’s stock valued at $578,000 after purchasing an additional 2,536 shares in the last quarter. 99.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXR shares. Wells Fargo & Company decreased their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Truist Financial boosted their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.67.

Extra Space Storage Stock Up 0.7%

Shares of NYSE:EXR opened at $141.30 on Wednesday. The company has a 50 day moving average price of $135.97 and a two-hundred day moving average price of $138.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $29.99 billion, a PE ratio of 31.54, a PEG ratio of 1.69 and a beta of 1.27. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $162.77.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

About Extra Space Storage

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.