Versor Investments LP Sells 6,467 Shares of Extra Space Storage Inc $EXR

Versor Investments LP decreased its position in Extra Space Storage Inc (NYSE:EXR) by 64.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,601 shares of the real estate investment trust’s stock after selling 6,467 shares during the quarter. Versor Investments LP’s holdings in Extra Space Storage were worth $508,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXR. Rockland Trust Co. bought a new stake in Extra Space Storage during the 3rd quarter valued at about $551,000. Wealthfront Advisers LLC grew its holdings in shares of Extra Space Storage by 2.6% during the third quarter. Wealthfront Advisers LLC now owns 50,960 shares of the real estate investment trust’s stock valued at $7,182,000 after buying an additional 1,277 shares during the last quarter. Navellier & Associates Inc. increased its position in shares of Extra Space Storage by 23.8% during the third quarter. Navellier & Associates Inc. now owns 3,855 shares of the real estate investment trust’s stock valued at $543,000 after acquiring an additional 740 shares in the last quarter. Profund Advisors LLC increased its position in shares of Extra Space Storage by 6.5% during the third quarter. Profund Advisors LLC now owns 2,956 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 180 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Extra Space Storage by 1.5% in the 3rd quarter. ProShare Advisors LLC now owns 44,433 shares of the real estate investment trust’s stock worth $6,262,000 after acquiring an additional 673 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Performance

Shares of EXR opened at $142.45 on Thursday. The firm has a market capitalization of $30.24 billion, a P/E ratio of 31.80, a PEG ratio of 1.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. Extra Space Storage Inc has a one year low of $121.03 and a one year high of $162.77. The business has a fifty day moving average of $136.18 and a 200 day moving average of $138.66.

Extra Space Storage Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. 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 report on Thursday, February 5th. Evercore reaffirmed a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Morgan Stanley lowered their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.67.

Extra Space Storage 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.