Extra Space Storage Inc $EXR Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its stake in Extra Space Storage Inc (NYSE:EXR) by 26.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,998 shares of the real estate investment trust’s stock after acquiring an additional 4,140 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Extra Space Storage were worth $2,819,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXR. Vanguard Group Inc. boosted its stake in Extra Space Storage by 0.9% during the second quarter. Vanguard Group Inc. now owns 34,269,652 shares of the real estate investment trust’s stock worth $5,052,717,000 after buying an additional 300,167 shares during the period. State Street Corp lifted its holdings in shares of Extra Space Storage by 1.6% in the 2nd quarter. State Street Corp now owns 13,680,181 shares of the real estate investment trust’s stock worth $2,017,006,000 after acquiring an additional 210,466 shares during the last quarter. Norges Bank purchased a new position in shares of Extra Space Storage during the 2nd quarter worth approximately $1,058,303,000. Geode Capital Management LLC increased its holdings in Extra Space Storage by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,795,253 shares of the real estate investment trust’s stock valued at $851,070,000 after purchasing an additional 100,637 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Extra Space Storage by 10.2% in the second quarter. JPMorgan Chase & Co. now owns 4,513,795 shares of the real estate investment trust’s stock valued at $665,514,000 after purchasing an additional 419,240 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Down 0.8%

EXR opened at $137.78 on Friday. The business has a fifty day moving average price of $135.02 and a 200 day moving average price of $139.27. 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 12 month low of $121.03 and a 12 month high of $162.77. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.68 and a beta of 1.27.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.02. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The company had revenue of $858.46 million for the quarter, compared to analyst estimates of $736.26 million. During the same quarter last year, the company earned $2.07 EPS. Extra Space Storage’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts expect that Extra Space Storage Inc will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 annualized dividend and a yield of 4.7%. Extra Space Storage’s dividend payout ratio (DPR) is 144.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EXR shares. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. UBS Group decreased their target price 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. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Finally, Barclays reissued an “overweight” rating and set a $164.00 price target on shares of Extra Space Storage in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.53.

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.