Extra Space Storage Inc $EXR Stock: Pictet Asset Management Holding SA Increases Holdings

Pictet Asset Management Holding SA lifted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 4.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,373 shares of the real estate investment trust’s stock after buying an additional 18,039 shares during the period. Pictet Asset Management Holding SA’s holdings in Extra Space Storage were worth $52,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in Extra Space Storage by 4.9% in the third quarter. Alps Advisors Inc. now owns 12,975 shares of the real estate investment trust’s stock valued at $1,706,000 after acquiring an additional 601 shares during the last quarter. Alta Advisers Ltd acquired a new stake in Extra Space Storage during the third quarter worth $201,000. Kestra Advisory Services LLC increased its stake in Extra Space Storage by 5.7% during the third quarter. Kestra Advisory Services LLC now owns 13,878 shares of the real estate investment trust’s stock worth $1,825,000 after acquiring an additional 745 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in Extra Space Storage in the third quarter valued at $51,000. Finally, Chicago Partners Investment Group LLC raised its position in Extra Space Storage by 86.6% in the third quarter. Chicago Partners Investment Group LLC now owns 4,019 shares of the real estate investment trust’s stock valued at $576,000 after purchasing an additional 1,865 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

EXR stock opened at $159.87 on Tuesday. The business’s fifty day moving average price is $140.24 and its 200 day moving average price is $142.76. Extra Space Storage Inc has a 12-month low of $125.71 and a 12-month high of $163.18. The company has a current ratio of 0.25, a quick ratio of 1.56 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $33.37 billion, a PE ratio of 19.08, a P/E/G ratio of 4.45 and a beta of 1.07.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, October 27th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.93). Extra Space Storage had a net margin of 29.90% and a return on equity of 7.36%. The firm had revenue of $889.79 million for the quarter, compared to analysts’ expectations of $886.61 million. During the same quarter last year, the business earned $2.08 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Extra Space Storage Inc will post 8.46 EPS for the current year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, December 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.1%. Extra Space Storage’s dividend payout ratio is 131.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXR shares. UBS Group upped their price target on Extra Space Storage from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Weiss Ratings raised Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, November 2nd. Wells Fargo & Company cut their price objective on Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a research report on Tuesday, September 1st. Jefferies Financial Group reduced their price objective on shares of Extra Space Storage from $165.00 to $151.00 in a report on Monday, October 12th. Finally, BNP Paribas Exane upped their target price on shares of Extra Space Storage from $156.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Moderate Buy” and an average price target of $156.75.

Extra Space Storage Company Profile