Texas Permanent School Fund Corp boosted its holdings in shares of Extra Space Storage Inc. (NYSE:EXR – Free Report) by 46.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,872 shares of the real estate investment trust’s stock after acquiring an additional 8,844 shares during the period. Texas Permanent School Fund Corp’s holdings in Extra Space Storage were worth $4,541,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in EXR. Money Concepts Capital Corp acquired a new position in shares of Extra Space Storage in the 4th quarter valued at $27,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Extra Space Storage by 262.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 181 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 131 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Extra Space Storage in the 4th quarter valued at $34,000. CVA Family Office LLC grew its holdings in shares of Extra Space Storage by 110.7% in the 1st quarter. CVA Family Office LLC now owns 295 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 155 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Extra Space Storage in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 96.81% of the company’s stock.
Extra Space Storage Trading Down 0.5 %
Shares of NYSE:EXR opened at $146.07 on Monday. The company’s 50-day moving average price is $147.60 and its two-hundred day moving average price is $153.57. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.27 and a quick ratio of 0.27. Extra Space Storage Inc. has a one year low of $139.97 and a one year high of $216.52. The stock has a market capitalization of $19.73 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.
Extra Space Storage Cuts Dividend
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EXR. KeyCorp decreased their price target on shares of Extra Space Storage from $190.00 to $172.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Evercore ISI raised shares of Extra Space Storage from an “underperform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research report on Monday, June 12th. Truist Financial cut their price objective on shares of Extra Space Storage from $165.00 to $155.00 in a research report on Thursday, June 15th. Bank of America initiated coverage on shares of Extra Space Storage in a research report on Monday, May 8th. They issued a “buy” rating on the stock. Finally, StockNews.com initiated coverage on shares of Extra Space Storage in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average target price of $169.38.
Extra Space Storage Company Profile
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 March 31, 2023, the Company owned and/or operated 2,388 self-storage stores in 41 states and Washington, DC The Company's stores comprise approximately 1.7 million units and approximately 180.0 million square feet of rentable space.
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