Pictet Asset Management Holding SA grew its position in Extra Space Storage Inc (NYSE:EXR - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,373 shares of the real estate investment trust's stock after acquiring an additional 18,039 shares during the quarter. Pictet Asset Management Holding SA owned about 0.19% of Extra Space Storage worth $52,259,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Raiffeisen Bank International AG increased its position in shares of Extra Space Storage by 82.4% during the second quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage in the 1st quarter valued at $30,000. Security National Bank of SO Dak purchased a new position in Extra Space Storage in the 2nd quarter valued at $34,000. CoreCap Advisors LLC lifted its holdings in Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 234 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in Extra Space Storage in the 2nd quarter valued at $43,000. 99.11% of the stock is owned by institutional investors and hedge funds.
Extra Space Storage Price Performance
NYSE:EXR opened at $159.87 on Tuesday. Extra Space Storage Inc has a one year low of $125.71 and a one year high of $163.18. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.56 and a current ratio of 0.25. The stock has a market cap of $33.37 billion, a PE ratio of 19.08, a P/E/G ratio of 4.45 and a beta of 1.07. The stock has a 50 day moving average price of $140.24 and a 200 day moving average price of $142.76.
Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $2.10 by ($0.93). The company had revenue of $889.79 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 EPS. Equities research analysts expect that Extra Space Storage Inc will post 8.46 EPS for the current fiscal year.
Extra Space Storage Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, December 15th. Extra Space Storage's payout ratio is currently 131.71%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on EXR shares. Mizuho dropped their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating for the company in a report on Wednesday, September 2nd. Scotiabank raised their price target 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. Wall Street Zen upgraded shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. The Goldman Sachs Group restated a "neutral" rating and set a $160.00 price target (up from $152.00) on shares of Extra Space Storage in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, November 2nd. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Extra Space Storage currently has an average rating of "Moderate Buy" and an average price target of $156.75.
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