NEOS Investment Management LLC Has $6.48 Million Stake in Extra Space Storage Inc $EXR

NEOS Investment Management LLC increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 69.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,980 shares of the real estate investment trust’s stock after purchasing an additional 18,910 shares during the period. NEOS Investment Management LLC’s holdings in Extra Space Storage were worth $6,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in 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 buying an additional 80 shares during the period. Davis Capital Management bought a new position in Extra Space Storage during the third quarter worth about $35,000. Elevation Point Wealth Partners LLC acquired a new stake in Extra Space Storage in the 2nd quarter worth about $37,000. MTM Investment Management LLC bought a new stake in shares of Extra Space Storage in the second quarter valued at approximately $38,000. Finally, Tobam lifted its position in shares of Extra Space Storage by 66.1% during the 3rd quarter. Tobam now owns 319 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 127 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EXR. 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 on the stock in a report on Friday, November 7th. Barclays reissued an “overweight” rating and issued a $164.00 price objective on shares of Extra Space Storage in a research note on Tuesday, January 13th. Morgan Stanley reduced their target price on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Wells Fargo & Company decreased their price target on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, UBS Group dropped their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $144.67.

Extra Space Storage Trading Down 1.7%

Shares of EXR stock opened at $145.38 on Thursday. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $162.77. The stock’s fifty day simple moving average is $137.88 and its 200 day simple moving average is $138.71. 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 firm has a market capitalization of $30.86 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.78 and a beta of 1.27.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) 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.