Savant Capital LLC Sells 12,588 Shares of Extra Space Storage Inc $EXR

Savant Capital LLC cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 60.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,172 shares of the real estate investment trust’s stock after selling 12,588 shares during the period. Savant Capital LLC’s holdings in Extra Space Storage were worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EXR. Principal Financial Group Inc. boosted its position in shares of Extra Space Storage by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after acquiring an additional 406,146 shares during the period. Thrivent Financial for Lutherans raised its stake in Extra Space Storage by 38.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock worth $83,052,000 after purchasing an additional 162,773 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Extra Space Storage by 32.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock worth $3,416,000 after purchasing an additional 5,870 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Extra Space Storage by 6.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock valued at $17,982,000 after purchasing an additional 7,831 shares during the period. Finally, Ethic Inc. grew its position in shares of Extra Space Storage by 298.0% during the 3rd quarter. Ethic Inc. now owns 22,441 shares of the real estate investment trust’s stock worth $3,163,000 after purchasing an additional 16,802 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.7%

Shares of EXR opened at $141.30 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. 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 cap of $29.99 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.69 and a beta of 1.27. The business’s fifty day moving average is $135.97 and its 200-day moving average is $138.63.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $1.62 dividend. 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 4.6%. Extra Space Storage’s dividend payout ratio is 144.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Morgan Stanley dropped 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. Truist Financial upped their target price on Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada decreased their price target on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Extra Space Storage presently has a consensus rating of “Hold” and a consensus price target of $144.67.

Extra Space Storage Company 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.