Great West Life Assurance Co. Can Purchases Shares of 234,612 Extra Space Storage Inc. (NYSE:EXR)

Great West Life Assurance Co. Can acquired a new position in shares of Extra Space Storage Inc. (NYSE:EXRGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 234,612 shares of the real estate investment trust’s stock, valued at approximately $40,485,000. Great West Life Assurance Co. Can owned approximately 0.18% of Extra Space Storage as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXR. EdgeRock Capital LLC acquired a new stake in Extra Space Storage in the third quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Extra Space Storage during the second quarter worth approximately $29,000. Ronald Blue Trust Inc. acquired a new position in Extra Space Storage in the second quarter valued at $35,000. SJS Investment Consulting Inc. acquired a new stake in shares of Extra Space Storage during the third quarter worth about $35,000. Finally, Whittier Trust Co. increased its position in Extra Space Storage by 168.4% in the 2nd quarter. Whittier Trust Co. now owns 255 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 160 shares during the period. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

Extra Space Storage Trading Down 1.4 %

NYSE:EXR opened at $151.90 on Monday. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.09 and a beta of 0.51. Extra Space Storage Inc. has a one year low of $139.97 and a one year high of $222.35. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.49 and a current ratio of 0.49. The business’s 50-day simple moving average is $152.63 and its 200 day simple moving average is $172.49.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th were given a dividend of $1.50 per share. The ex-dividend date was Tuesday, December 13th. This represents a $6.00 annualized dividend and a dividend yield of 3.95%. Extra Space Storage’s payout ratio is 87.08%.

Analysts Set New Price Targets

EXR has been the subject of several analyst reports. Truist Financial cut their price target on shares of Extra Space Storage from $225.00 to $175.00 in a report on Monday, December 5th. Raymond James raised Extra Space Storage from a “market perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a report on Monday, January 9th. Morgan Stanley decreased their target price on shares of Extra Space Storage from $153.00 to $145.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 14th. Citigroup decreased their target price on Extra Space Storage from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, December 12th. Finally, KeyCorp cut their price objective on Extra Space Storage from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, November 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average price target of $172.00.

About Extra Space Storage

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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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.

Further Reading

Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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