Krilogy Financial LLC Makes New $568,000 Investment in Extra Space Storage Inc $EXR

Krilogy Financial LLC purchased a new position in Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,272 shares of the real estate investment trust’s stock, valued at approximately $568,000.

Several other large investors also recently bought and sold shares of EXR. ABC Arbitrage SA purchased a new stake in shares of Extra Space Storage in the third quarter valued at about $1,810,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at approximately $218,000. MQS Management LLC acquired a new stake in shares of Extra Space Storage during the 3rd quarter worth approximately $759,000. Rockland Trust Co. acquired a new stake in shares of Extra Space Storage during the 3rd quarter worth approximately $551,000. Finally, Wealthfront Advisers LLC raised its position in shares of Extra Space Storage by 2.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 50,960 shares of the real estate investment trust’s stock valued at $7,182,000 after buying an additional 1,277 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $146.34 on Friday. The firm has a 50 day moving average of $136.79 and a two-hundred day moving average of $138.59. The stock has a market capitalization of $31.06 billion, a PE ratio of 32.67, a P/E/G ratio of 1.76 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. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $162.77.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 dividend yield of 4.4%. Extra Space Storage’s payout ratio is currently 144.64%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXR shares. Wall Street Zen lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Barclays reissued an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a research note on Tuesday, January 13th. Evercore reaffirmed a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Morgan Stanley cut 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.67.

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.