Symphony Financial Ltd. Co. Has $1.45 Million Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

Symphony Financial Ltd. Co. increased its position in Extra Space Storage Inc. (NYSE:EXR) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,858 shares of the real estate investment trust’s stock after buying an additional 412 shares during the period. Symphony Financial Ltd. Co.’s holdings in Extra Space Storage were worth $1,449,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EXR. Vanguard Group Inc. grew its stake in shares of Extra Space Storage by 55.7% in the 3rd quarter. Vanguard Group Inc. now owns 33,686,341 shares of the real estate investment trust’s stock valued at $4,095,585,000 after buying an additional 12,055,172 shares during the period. Norges Bank acquired a new stake in shares of Extra Space Storage in the 4th quarter valued at about $1,022,811,000. JPMorgan Chase & Co. boosted its stake in Extra Space Storage by 599.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,345,787 shares of the real estate investment trust’s stock valued at $406,781,000 after purchasing an additional 2,867,657 shares during the last quarter. Capital Research Global Investors boosted its stake in Extra Space Storage by 111.4% during the 4th quarter. Capital Research Global Investors now owns 1,537,317 shares of the real estate investment trust’s stock valued at $246,478,000 after purchasing an additional 810,158 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Extra Space Storage by 45.9% during the 3rd quarter. Legal & General Group Plc now owns 2,402,752 shares of the real estate investment trust’s stock valued at $292,127,000 after purchasing an additional 756,363 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

Shares of NYSE:EXR traded down $0.33 during mid-day trading on Friday, reaching $155.41. The company had a trading volume of 2,310,673 shares, compared to its average volume of 1,031,874. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 3.73 and a beta of 0.81. The company’s 50-day moving average price is $147.08 and its 200-day moving average price is $146.89. Extra Space Storage Inc. has a one year low of $101.19 and a one year high of $164.99.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.62 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.17%. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Insider Buying and Selling

In related news, Director Joseph J. Bonner sold 677 shares of Extra Space Storage stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $148.22, for a total value of $100,344.94. Following the sale, the director now owns 5,229 shares of the company’s stock, valued at approximately $775,042.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXR. Wells Fargo & Company lifted their price target on Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Barclays lifted their price target on Extra Space Storage from $157.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. StockNews.com downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Evercore ISI cut their price target on Extra Space Storage from $145.00 to $139.00 in a research note on Wednesday, May 1st. Finally, Raymond James reiterated an “outperform” rating and set a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Extra Space Storage currently has a consensus rating of “Hold” and a consensus target price of $151.83.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.