Extra Space Storage Inc $EXR Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,950 shares of the real estate investment trust’s stock after purchasing an additional 12,145 shares during the period. Metis Global Partners LLC’s holdings in Extra Space Storage were worth $7,745,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EXR. Norges Bank purchased a new stake in shares of Extra Space Storage in the second quarter valued at approximately $1,058,303,000. Resolution Capital Ltd lifted its holdings in Extra Space Storage by 116.2% in the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after acquiring an additional 1,048,685 shares during the period. Marshall Wace LLP lifted its holdings in Extra Space Storage by 60.1% in the second quarter. Marshall Wace LLP now owns 1,477,404 shares of the real estate investment trust’s stock valued at $217,828,000 after acquiring an additional 554,666 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Extra Space Storage by 27.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,413,454 shares of the real estate investment trust’s stock worth $340,152,000 after purchasing an additional 526,163 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Extra Space Storage by 10.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock worth $665,514,000 after purchasing an additional 419,240 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Performance

Extra Space Storage stock opened at $144.50 on Friday. The stock has a fifty day moving average price of $136.45 and a 200 day moving average price of $138.70. Extra Space Storage Inc has a 52 week low of $121.03 and a 52 week high of $162.77. The firm has a market capitalization of $30.67 billion, a P/E ratio of 32.25, a PEG ratio of 1.72 and a beta of 1.27. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $164.00 target price on shares of Extra Space Storage in a report on Tuesday, January 13th. Evercore reissued a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Royal Bank Of Canada dropped their price objective on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley reduced their price objective on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.67.

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.