Oppenheimer & Co. Inc. trimmed its position in Extra Space Storage Inc. (NYSE:EXR – Free Report) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,026 shares of the real estate investment trust’s stock after selling 557 shares during the period. Oppenheimer & Co. Inc.’s holdings in Extra Space Storage were worth $330,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Extra Space Storage by 10.1% in the first quarter. Principal Financial Group Inc. now owns 5,160,449 shares of the real estate investment trust’s stock worth $840,779,000 after purchasing an additional 474,396 shares during the period. Geode Capital Management LLC grew its stake in shares of Extra Space Storage by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,135,848 shares of the real estate investment trust’s stock worth $460,800,000 after acquiring an additional 38,582 shares during the last quarter. Norges Bank purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $380,823,000. Dimensional Fund Advisors LP grew its stake in shares of Extra Space Storage by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,877,977 shares of the real estate investment trust’s stock worth $276,405,000 after acquiring an additional 22,497 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Extra Space Storage by 11.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,607,431 shares of the real estate investment trust’s stock worth $261,898,000 after acquiring an additional 159,387 shares during the last quarter. 66.40% of the stock is owned by hedge funds and other institutional investors.
Extra Space Storage Stock Up 0.0 %
NYSE EXR opened at $130.62 on Thursday. The stock’s 50-day moving average price is $139.96 and its 200-day moving average price is $149.17. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 1.86. Extra Space Storage Inc. has a 52 week low of $123.67 and a 52 week high of $206.29. The company has a market capitalization of $27.60 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 6.71 and a beta of 0.54.
Extra Space Storage Cuts Dividend
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EXR. Evercore ISI raised Extra Space Storage from an “underperform” rating to an “outperform” rating and set a $164.00 price target on the stock in a report on Monday, June 12th. Bank of America assumed coverage on Extra Space Storage in a report on Monday, May 8th. They issued a “buy” rating on the stock. Truist Financial lowered their target price on Extra Space Storage from $155.00 to $138.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $163.00.
Get Our Latest Stock Report on EXR
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 June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, DC The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space.
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