Wealth Enhancement Advisory Services LLC Sells 13,973 Shares of Extra Space Storage Inc $EXR

Wealth Enhancement Advisory Services LLC lowered its position in Extra Space Storage Inc (NYSE:EXR) by 40.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,382 shares of the real estate investment trust’s stock after selling 13,973 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Extra Space Storage were worth $2,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXR. NewEdge Advisors LLC increased its position in shares of Extra Space Storage by 9.3% during the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 291 shares in the last quarter. Empowered Funds LLC raised its stake in Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 661 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Extra Space Storage in the second quarter worth about $457,000. Farther Finance Advisors LLC grew its stake in shares of Extra Space Storage by 6.5% during the second quarter. Farther Finance Advisors LLC now owns 1,559 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 95 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Extra Space Storage by 42.8% in the 2nd quarter. Signaturefd LLC now owns 1,668 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXR shares. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Royal Bank Of Canada cut their price objective on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Mizuho upped their target price on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $146.53.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $137.05 on Thursday. The stock has a market capitalization of $29.09 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.69 and a beta of 1.27. Extra Space Storage Inc has a 12 month low of $121.03 and a 12 month high of $162.77. The firm’s 50 day simple moving average is $134.70 and its 200-day simple moving average is $139.37. 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 (NYSE:EXR) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. The firm had revenue of $858.46 million for the quarter, compared to the consensus estimate of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 earnings per share. Analysts expect that Extra Space Storage Inc will post 8.1 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

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.