Atria Investments LLC Purchases 580 Shares of Extra Space Storage Inc. (NYSE:EXR)

Atria Investments LLC boosted its position in Extra Space Storage Inc. (NYSE:EXRGet Rating) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,562 shares of the real estate investment trust’s stock after acquiring an additional 580 shares during the quarter. Atria Investments LLC’s holdings in Extra Space Storage were worth $1,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Extra Space Storage by 132.0% in the second quarter. Bank of Montreal Can now owns 155,763 shares of the real estate investment trust’s stock valued at $27,051,000 after acquiring an additional 88,624 shares during the last quarter. Penobscot Investment Management Company Inc. increased its stake in Extra Space Storage by 13.3% in the second quarter. Penobscot Investment Management Company Inc. now owns 10,691 shares of the real estate investment trust’s stock valued at $1,819,000 after acquiring an additional 1,259 shares during the last quarter. Westpac Banking Corp increased its stake in Extra Space Storage by 58.1% in the second quarter. Westpac Banking Corp now owns 255,238 shares of the real estate investment trust’s stock valued at $43,421,000 after acquiring an additional 93,765 shares during the last quarter. Clarius Group LLC grew its stake in shares of Extra Space Storage by 5.0% during the second quarter. Clarius Group LLC now owns 1,459 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 70 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Extra Space Storage by 1.1% during the second quarter. Mutual of America Capital Management LLC now owns 22,567 shares of the real estate investment trust’s stock valued at $3,839,000 after buying an additional 256 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial raised their price objective on Extra Space Storage from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, August 15th. KeyCorp raised their price objective on Extra Space Storage from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Evercore ISI cut Extra Space Storage from an “in-line” rating to an “underperform” rating and reduced their price objective for the company from $162.00 to $150.00 in a research note on Monday. StockNews.com assumed coverage on Extra Space Storage in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup raised their price objective on Extra Space Storage to $229.00 in a research note on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $197.89.

Extra Space Storage Trading Down 0.5 %

Shares of NYSE:EXR opened at $156.74 on Wednesday. The stock has a 50 day moving average of $167.71 and a 200 day moving average of $177.84. The company has a market cap of $20.99 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.23 and a beta of 0.52. 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 Inc. has a 12-month low of $149.78 and a 12-month high of $228.84.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th will be issued a dividend of $1.50 per share. The ex-dividend date is Tuesday, December 13th. This represents a $6.00 annualized dividend and a dividend yield of 3.83%. Extra Space Storage’s dividend payout ratio (DPR) is 87.08%.

Extra Space Storage Profile

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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.

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

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