Extra Space Storage Inc $EXR Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 28.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,950 shares of the real estate investment trust’s stock after buying an additional 12,145 shares during the period. Metis Global Partners LLC’s holdings in Extra Space Storage were worth $7,745,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 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 valued at $946,540,000 after purchasing an additional 406,146 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Extra Space Storage by 38.2% in the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock valued at $83,052,000 after buying an additional 162,773 shares during the period. Cibc World Market Inc. lifted its position in Extra Space Storage by 19.4% during the third quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after buying an additional 30,983 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Extra Space Storage by 32.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock worth $3,416,000 after buying an additional 5,870 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Extra Space Storage by 6.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock worth $17,982,000 after acquiring an additional 7,831 shares in the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXR shares. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Barclays reiterated an “overweight” rating and set a $164.00 price objective on shares of Extra Space Storage in a research note on Tuesday, January 13th. Royal Bank Of Canada decreased their target price 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. Mizuho lifted their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company cut their price objective on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.67.

Extra Space Storage Stock Up 1.4%

Shares of NYSE:EXR opened at $144.50 on Friday. 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 company has a fifty day simple moving average of $136.45 and a 200 day simple moving average of $138.70. The firm has a market cap of $30.67 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. Extra Space Storage Inc has a 12-month low of $121.03 and a 12-month high of $162.77.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio is 144.64%.

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.