Extra Space Storage Inc $EXR Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in Extra Space Storage Inc (NYSE:EXR) by 34.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,251 shares of the real estate investment trust’s stock after selling 73,069 shares during the period. Allianz Asset Management GmbH owned 0.07% of Extra Space Storage worth $19,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 80 shares in the last quarter. Davis Capital Management acquired a new stake in Extra Space Storage during the 3rd quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new stake in Extra Space Storage during the 2nd quarter valued at $37,000. MTM Investment Management LLC purchased a new position in Extra Space Storage during the second quarter worth $38,000. Finally, Quent Capital LLC acquired a new position in shares of Extra Space Storage in the third quarter worth $62,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EXR. Mizuho increased their price objective on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Royal Bank Of Canada lowered their price target on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Truist Financial boosted their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Barclays restated an “overweight” rating and set a $164.00 target price on shares of Extra Space Storage in a research report on Tuesday, January 13th. Finally, Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a research note on Thursday. 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 stock currently has a consensus rating of “Hold” and an average price target of $144.67.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $140.02 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $29.72 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $162.77. The company has a 50 day moving average price of $135.63 and a 200 day moving average price of $138.95.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, December 15th. 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.