Peterson Wealth Services Buys 21,320 Shares of Extra Space Storage Inc $EXR

Peterson Wealth Services raised its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 599.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,874 shares of the real estate investment trust’s stock after buying an additional 21,320 shares during the period. Extra Space Storage comprises approximately 0.8% of Peterson Wealth Services’ holdings, making the stock its 26th largest position. Peterson Wealth Services’ holdings in Extra Space Storage were worth $3,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Extra Space Storage during the second quarter valued at $1,058,303,000. Resolution Capital Ltd grew its stake in shares of Extra Space Storage by 116.2% during the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the period. Marshall Wace LLP increased its position in shares of Extra Space Storage by 60.1% during the 2nd quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock valued at $217,828,000 after purchasing an additional 554,666 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Extra Space Storage by 10.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock worth $665,514,000 after purchasing an additional 419,240 shares during the period. Finally, Principal Financial Group Inc. lifted its stake 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 worth $946,540,000 after purchasing an additional 406,146 shares during the period. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock opened at $135.27 on Tuesday. The company has a market capitalization of $28.71 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.66 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89. The stock’s 50-day simple moving average is $135.12 and its 200-day simple moving average is $139.06. 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Analyst Ratings Changes

A number of analysts have commented on EXR shares. Morgan Stanley reduced their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price target 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. Finally, Evercore ISI reaffirmed a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average target price of $146.53.

Extra Space Storage Profile

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.