National Pension Service Has $46.64 Million Holdings in Extra Space Storage Inc $EXR

National Pension Service boosted its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 330,952 shares of the real estate investment trust’s stock after purchasing an additional 11,887 shares during the period. National Pension Service’s holdings in Extra Space Storage were worth $46,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth about $29,000. Versant Capital Management Inc raised its holdings in shares of Extra Space Storage by 60.2% during the third 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 period. Davis Capital Management bought a new stake in Extra Space Storage in the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new position in Extra Space Storage in the 2nd quarter worth $37,000. Finally, MTM Investment Management LLC bought a new position in Extra Space Storage during the 2nd quarter worth about $38,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 2.0%

NYSE:EXR opened at $135.27 on Tuesday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $162.77. The firm has a market capitalization of $28.71 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.66 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $135.12 and its two-hundred day moving average price is $139.06.

Extra Space Storage Announces Dividend

The company also recently declared 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. This represents a $6.48 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio is 144.64%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Morgan Stanley dropped their target price on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Mizuho upped their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. UBS Group decreased their price target on shares of Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada cut their price objective on shares of 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. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $146.53.

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.