Symphony Financial Ltd. Co. Trims Stock Position in Extra Space Storage Inc $EXR

Symphony Financial Ltd. Co. lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 73.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,513 shares of the real estate investment trust’s stock after selling 6,962 shares during the period. Symphony Financial Ltd. Co.’s holdings in Extra Space Storage were worth $352,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC purchased a new stake in Extra Space Storage during the second quarter valued at approximately $29,000. Versant Capital Management Inc boosted its stake in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 80 shares during the last quarter. Davis Capital Management bought a new stake in shares of Extra Space Storage during the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Extra Space Storage in the 2nd quarter worth $37,000. Finally, MTM Investment Management LLC bought a new position in Extra Space Storage in the 2nd quarter worth $38,000. 99.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank Of Canada reduced their price target on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Morgan Stanley dropped their price target on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. UBS Group lowered their target price on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Barclays reiterated an “overweight” rating and set a $164.00 target price on shares of Extra Space Storage in a research report on Tuesday, January 13th. Finally, Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $146.53.

Extra Space Storage Trading Down 1.6%

Shares of EXR opened at $141.49 on Friday. The stock has a market capitalization of $30.03 billion, a PE ratio of 31.58, a P/E/G ratio of 2.72 and a beta of 1.27. The company’s fifty day moving average is $134.17 and its 200 day moving average is $139.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $162.77.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The business had revenue of $858.46 million during the quarter, compared to analysts’ expectations of $736.26 million. During the same period last year, the company posted $2.07 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. Sell-side analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

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

About Extra Space Storage

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.