Extra Space Storage Inc $EXR Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,587 shares of the real estate investment trust’s stock, valued at approximately $7,573,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Profund Advisors LLC lifted its position in shares of Extra Space Storage by 42.1% in the third quarter. Profund Advisors LLC now owns 3,929 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 1,165 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Extra Space Storage by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 40,746 shares of the real estate investment trust’s stock worth $5,359,000 after acquiring an additional 705 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Extra Space Storage by 49.8% during the 3rd quarter. Vise Technologies Inc. now owns 3,460 shares of the real estate investment trust’s stock worth $455,000 after acquiring an additional 1,150 shares during the last quarter. Aprio Wealth Management LLC raised its stake in Extra Space Storage by 36.2% in the 3rd quarter. Aprio Wealth Management LLC now owns 2,707 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 719 shares during the period. Finally, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd raised its stake in Extra Space Storage by 40.1% in the 3rd quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 17,418 shares of the real estate investment trust’s stock valued at $2,291,000 after acquiring an additional 4,989 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $161.32 on Thursday. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $162.28. The stock’s 50 day moving average is $139.25 and its 200-day moving average is $142.56. The company has a current ratio of 0.25, a quick ratio of 1.56 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $33.67 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 4.32 and a beta of 1.07.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate of $2.10 by ($0.93). The firm had revenue of $889.79 million for the quarter, compared to analyst estimates of $886.61 million. Extra Space Storage had a return on equity of 7.36% and a net margin of 29.90%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. Equities research analysts expect that Extra Space Storage Inc will post 8.46 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.0%. Extra Space Storage’s dividend payout ratio (DPR) is currently 131.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXR shares. Weiss Ratings raised Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Royal Bank Of Canada decreased their price objective on shares of Extra Space Storage from $157.00 to $156.00 and set a “sector perform” rating on the stock in a report on Thursday, October 29th. Evercore increased their price objective on shares of Extra Space Storage from $142.00 to $146.00 in a research report on Wednesday, October 28th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Scotiabank raised their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.75.

Extra Space Storage Profile

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.