Fintel reports that on August 29, 2023, Truist Securities maintained coverage of Extra Space Storage (NYSE:EXR) with a Hold recommendation.
Analyst Price Forecast Suggests 32.93% Upside
As of August 2, 2023, the average one-year price target for Extra Space Storage is 170.85. The forecasts range from a low of 146.45 to a high of $198.45. The average price target represents an increase of 32.93% from its latest reported closing price of 128.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Extra Space Storage is 1,866MM, a decrease of 9.67%. The projected annual non-GAAP EPS is 6.47.
What is the Fund Sentiment?
There are 1323 funds or institutions reporting positions in Extra Space Storage. This is a decrease of 71 owner(s) or 5.09% in the last quarter. Average portfolio weight of all funds dedicated to EXR is 0.35%, a decrease of 3.26%. Total shares owned by institutions increased in the last three months by 8.57% to 174,119K shares. The put/call ratio of EXR is 2.07, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 17,876K shares representing 8.46% ownership of the company. In it’s prior filing, the firm reported owning 13,780K shares, representing an increase of 22.92%. The firm increased its portfolio allocation in EXR by 10.28% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares holds 5,886K shares representing 2.79% ownership of the company. In it’s prior filing, the firm reported owning 5,972K shares, representing a decrease of 1.47%. The firm increased its portfolio allocation in EXR by 5.20% over the last quarter.
AWSHX – WASHINGTON MUTUAL INVESTORS FUND holds 5,836K shares representing 2.76% ownership of the company. In it’s prior filing, the firm reported owning 5,771K shares, representing an increase of 1.12%. The firm decreased its portfolio allocation in EXR by 2.20% over the last quarter.
Cohen & Steers holds 5,600K shares representing 2.65% ownership of the company. In it’s prior filing, the firm reported owning 4,546K shares, representing an increase of 18.83%. The firm increased its portfolio allocation in EXR by 9.76% over the last quarter.
Principal Financial Group holds 5,327K shares representing 2.52% ownership of the company. In it’s prior filing, the firm reported owning 5,160K shares, representing an increase of 3.13%. The firm decreased its portfolio allocation in EXR by 12.65% over the last quarter.
Extra Space Storage Background Information
(This description is provided by the company.)
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of December 31, 2020, Extra Space owned and/or operated 1,921 self-storage properties, which comprise approximately 1.4 million units and approximately 149.2 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. Extra Space is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.
Additional reading:
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.