Rockland Trust Co. Purchases New Shares in Extra Space Storage Inc $EXR

Rockland Trust Co. acquired a new position in Extra Space Storage Inc (NYSE:EXR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,912 shares of the real estate investment trust’s stock, valued at approximately $551,000.

Other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC increased its stake in shares of Extra Space Storage by 2.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 50,960 shares of the real estate investment trust’s stock valued at $7,182,000 after purchasing an additional 1,277 shares in the last quarter. Navellier & Associates Inc. grew its holdings in Extra Space Storage by 23.8% in the third quarter. Navellier & Associates Inc. now owns 3,855 shares of the real estate investment trust’s stock valued at $543,000 after purchasing an additional 740 shares during the period. Profund Advisors LLC increased its position in shares of Extra Space Storage by 6.5% in the third quarter. Profund Advisors LLC now owns 2,956 shares of the real estate investment trust’s stock valued at $417,000 after buying an additional 180 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Extra Space Storage by 1.5% in the third quarter. ProShare Advisors LLC now owns 44,433 shares of the real estate investment trust’s stock valued at $6,262,000 after buying an additional 673 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Extra Space Storage by 13.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,576 shares of the real estate investment trust’s stock worth $2,054,000 after buying an additional 1,733 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Trading Up 0.7%

Shares of NYSE EXR opened at $141.30 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $29.99 billion, a PE ratio of 31.54, a PEG ratio of 1.69 and a beta of 1.27. Extra Space Storage Inc has a twelve month low of $121.03 and a twelve month high of $162.77. The stock has a fifty day simple moving average of $135.97 and a 200-day simple moving average of $138.63.

Extra Space Storage Dividend Announcement

The firm 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. The ex-dividend date was Monday, December 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.6%. Extra Space Storage’s dividend payout ratio is 144.64%.

Wall Street Analyst Weigh In

EXR has been the topic of several research analyst reports. Morgan Stanley dropped 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 report on Friday, December 5th. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target for the company. in a research report on Thursday, February 5th. Mizuho increased their price target on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 12th. UBS Group lowered their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Barclays reiterated an “overweight” rating and issued a $164.00 target price on shares of Extra Space Storage in a report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.