Extra Space Storage Inc $EXR Stake Cut by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,131 shares of the real estate investment trust’s stock after selling 3,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Extra Space Storage were worth $17,777,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EXR. Chung Wu Investment Group LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $29,000. Versant Capital Management Inc lifted its position in Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 80 shares in the last quarter. Davis Capital Management purchased a new stake in Extra Space Storage in the 3rd quarter worth approximately $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Extra Space Storage during the 2nd quarter valued at $37,000. Finally, MTM Investment Management LLC purchased a new position in shares of Extra Space Storage during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

EXR has been the subject of several recent research reports. Evercore ISI reiterated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Royal Bank Of Canada dropped their target price on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Mizuho raised their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Truist Financial boosted their price target on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Extra Space Storage has a consensus rating of “Hold” and a consensus price target of $146.53.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $137.78 on Monday. The stock has a market capitalization of $29.24 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.66 and a beta of 1.27. The business has a 50-day moving average of $135.02 and a two-hundred day moving average of $139.15. Extra Space Storage Inc has a fifty-two week low of $121.03 and a fifty-two week high of $162.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24.

Extra Space Storage Announces Dividend

The business also recently announced 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 of this dividend was Monday, December 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. Extra Space Storage’s dividend payout ratio is presently 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.