Peterson Wealth Services Raises Position in Extra Space Storage Inc $EXR

Peterson Wealth Services grew its position in shares of Extra Space Storage Inc (NYSE:EXR) by 599.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,874 shares of the real estate investment trust’s stock after acquiring an additional 21,320 shares during the period. Extra Space Storage comprises about 0.8% of Peterson Wealth Services’ holdings, making the stock its 26th largest holding. Peterson Wealth Services’ holdings in Extra Space Storage were worth $3,506,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXR. Chung Wu Investment Group LLC purchased a new stake in Extra Space Storage in the second quarter worth $29,000. Versant Capital Management Inc boosted its holdings in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares in the last quarter. Davis Capital Management purchased a new stake in shares of Extra Space Storage in the 3rd quarter worth about $35,000. Elevation Point Wealth Partners LLC bought a new position in shares of Extra Space Storage in the 2nd quarter worth about $37,000. Finally, MTM Investment Management LLC purchased a new position in Extra Space Storage during the 2nd quarter valued at about $38,000. Institutional investors own 99.11% of the company’s stock.

Wall Street Analysts Forecast Growth

EXR has been the topic of a number of recent research reports. Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Morgan Stanley cut their price target on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. UBS Group cut 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. Finally, Barclays reaffirmed an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a research report on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $146.53.

Extra Space Storage Trading Down 2.0%

Shares of NYSE:EXR opened at $135.27 on Tuesday. 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 1 year low of $121.03 and a 1 year high of $162.77. The company has a market cap of $28.71 billion, a P/E ratio of 30.19, a PEG ratio of 2.66 and a beta of 1.27. The stock’s fifty day moving average price is $135.12 and its 200-day moving average price is $139.06.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

About Extra Space Storage

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.