Atria Investments LLC Decreases Stake in Extra Space Storage Inc. (NYSE:EXR)

Atria Investments LLC lowered its position in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 4.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,133 shares of the real estate investment trust’s stock after selling 429 shares during the period. Atria Investments LLC’s holdings in Extra Space Storage were worth $1,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Extra Space Storage by 8.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 148,817 shares of the real estate investment trust’s stock valued at $25,702,000 after purchasing an additional 11,157 shares in the last quarter. Ibex Wealth Advisors purchased a new position in Extra Space Storage in the 3rd quarter valued at $286,000. Czech National Bank purchased a new position in Extra Space Storage in the 3rd quarter valued at $2,688,000. State of New Jersey Common Pension Fund D lifted its holdings in Extra Space Storage by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 224,255 shares of the real estate investment trust’s stock valued at $38,731,000 after purchasing an additional 675 shares in the last quarter. Finally, Alta Advisers Ltd purchased a new position in Extra Space Storage in the 3rd quarter valued at $86,000. Hedge funds and other institutional investors own 95.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXR shares. JPMorgan Chase & Co. lowered Extra Space Storage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $177.00 to $167.00 in a report on Friday, December 16th. Evercore ISI lowered Extra Space Storage from an “in-line” rating to an “underperform” rating and reduced their price target for the stock from $162.00 to $150.00 in a report on Monday, November 21st. KeyCorp reduced their price target on Extra Space Storage from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, November 30th. StockNews.com assumed coverage on Extra Space Storage in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Truist Financial lowered Extra Space Storage from a “buy” rating to a “hold” rating and reduced their price target for the stock from $175.00 to $160.00 in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $170.33.

Extra Space Storage Stock Up 0.8 %

Shares of EXR opened at $153.10 on Wednesday. The firm has a market cap of $20.50 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.51. Extra Space Storage Inc. has a 12-month low of $139.97 and a 12-month high of $222.35. The company’s 50-day moving average price is $152.62 and its 200 day moving average price is $172.22. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.72.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, December 13th. Extra Space Storage’s dividend payout ratio is currently 87.08%.

Extra Space Storage Company Profile

(Get Rating)

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.

See Also

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

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