Savant Capital LLC Has $1.15 Million Holdings in Extra Space Storage Inc $EXR

Savant Capital LLC decreased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 60.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,172 shares of the real estate investment trust’s stock after selling 12,588 shares during the quarter. Savant Capital LLC’s holdings in Extra Space Storage were worth $1,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXR. Norges Bank bought a new position in Extra Space Storage in the second quarter valued at about $1,058,303,000. Resolution Capital Ltd increased its stake in shares of Extra Space Storage by 116.2% in the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after buying an additional 1,048,685 shares during the period. Marshall Wace LLP raised its holdings in Extra Space Storage by 60.1% in 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 buying an additional 554,666 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Extra Space Storage by 10.2% during 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 buying an additional 419,240 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Extra Space Storage by 6.4% during 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 buying an additional 406,146 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $141.30 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $135.97 and a two-hundred day moving average price of $138.63. Extra Space Storage Inc has a 1-year low of $121.03 and a 1-year high of $162.77. The company has a market cap of $29.99 billion, a P/E ratio of 31.54, a PEG ratio of 1.69 and a beta of 1.27.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s payout ratio is presently 144.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXR shares. Royal Bank Of Canada dropped their price target on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Barclays reaffirmed an “overweight” rating and set a $164.00 target price on shares of Extra Space Storage in a research report on Tuesday, January 13th. Truist Financial lifted their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $144.67.

Extra Space Storage Company 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.