Ieq Capital LLC purchased a new stake in Extra Space Storage Inc. (NYSE:EXR – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,405 shares of the real estate investment trust’s stock, valued at approximately $229,000.
Several other large investors have also recently made changes to their positions in EXR. Louisiana State Employees Retirement System boosted its holdings in shares of Extra Space Storage by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the real estate investment trust’s stock valued at $1,280,000 after buying an additional 100 shares in the last quarter. Wedbush Securities Inc. grew its stake in Extra Space Storage by 11.1% during the 4th quarter. Wedbush Securities Inc. now owns 8,876 shares of the real estate investment trust’s stock worth $1,306,000 after buying an additional 890 shares during the last quarter. Securian Asset Management Inc. raised its stake in Extra Space Storage by 1.1% in the first quarter. Securian Asset Management Inc. now owns 11,201 shares of the real estate investment trust’s stock valued at $1,825,000 after buying an additional 124 shares during the last quarter. Oak Thistle LLC acquired a new stake in Extra Space Storage in the 1st quarter worth approximately $362,000. Finally, Credit Suisse AG raised its holdings in shares of Extra Space Storage by 7.1% in the fourth quarter. Credit Suisse AG now owns 230,286 shares of the real estate investment trust’s stock worth $33,893,000 after buying an additional 15,327 shares during the last quarter. 96.81% of the stock is owned by institutional investors.
Extra Space Storage Stock Performance
Shares of EXR stock opened at $144.45 on Thursday. The company has a market capitalization of $19.51 billion, a P/E ratio of 22.71, a P/E/G ratio of 4.35 and a beta of 0.54. Extra Space Storage Inc. has a 12-month low of $139.97 and a 12-month high of $216.52. The business’s 50 day moving average is $147.48 and its two-hundred day moving average is $153.61. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.82.
Extra Space Storage Cuts Dividend
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. StockNews.com began coverage on Extra Space Storage in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Bank of America started coverage on shares of Extra Space Storage in a research note on Monday, May 8th. They set a “buy” rating for the company. Evercore ISI raised shares of Extra Space Storage from an “underperform” rating to an “outperform” rating and set a $164.00 target price for the company in a report on Monday, June 12th. Raymond James raised Extra Space Storage from an “outperform” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, April 4th. Finally, Truist Financial lowered their target price on Extra Space Storage from $165.00 to $155.00 in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $165.43.
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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