Extra Space Storage Inc $EXR Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. raised its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 190,863 shares of the real estate investment trust’s stock after acquiring an additional 30,983 shares during the quarter. Cibc World Market Inc. owned approximately 0.09% of Extra Space Storage worth $26,900,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Extra Space Storage by 0.9% in the second quarter. Vanguard Group Inc. now owns 34,269,652 shares of the real estate investment trust’s stock valued at $5,052,717,000 after purchasing an additional 300,167 shares in the last quarter. State Street Corp raised its holdings in Extra Space Storage by 1.6% during the second quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after purchasing an additional 210,466 shares in the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage during the 2nd quarter worth approximately $1,058,303,000. Principal Financial Group Inc. boosted its holdings in shares of Extra Space Storage by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after buying an additional 406,146 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Extra Space Storage by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after buying an additional 100,637 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $142.45 on Thursday. The company has a market cap of $30.24 billion, a PE ratio of 31.80, a P/E/G ratio of 1.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $162.77. The stock has a fifty day moving average price of $136.18 and a 200 day moving average price of $138.66.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s payout ratio is currently 144.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXR shares. Bank of America lowered shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research note on Thursday, February 5th. Royal Bank Of Canada reduced their target price on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Evercore restated a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Six investment 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $144.67.

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.