Barclays PLC raised its holdings in Extra Space Storage Inc. (NYSE:EXR) by 9.8% during the third quarter, HoldingsChannel reports. The firm owned 236,140 shares of the real estate investment trust’s stock after buying an additional 21,041 shares during the period. Barclays PLC’s holdings in Extra Space Storage were worth $39,669,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Extra Space Storage during the third quarter worth about $1,008,000. JustInvest LLC increased its stake in shares of Extra Space Storage by 18.7% during the third quarter. JustInvest LLC now owns 2,680 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 422 shares during the period. Ieq Capital LLC acquired a new position in shares of Extra Space Storage during the third quarter worth about $239,000. Checchi Capital Advisers LLC increased its stake in shares of Extra Space Storage by 8.4% during the third quarter. Checchi Capital Advisers LLC now owns 1,425 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 110 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Extra Space Storage by 1.5% during the third quarter. TD Asset Management Inc. now owns 423,472 shares of the real estate investment trust’s stock worth $71,139,000 after acquiring an additional 6,132 shares during the period. Institutional investors own 93.14% of the company’s stock.
EXR has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Extra Space Storage from $209.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday, December 13th. They noted that the move was a valuation call. Berenberg Bank initiated coverage on shares of Extra Space Storage in a report on Thursday, October 7th. They set a “buy” rating and a $198.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $237.00 price objective on shares of Extra Space Storage in a report on Monday, November 1st. Stifel Nicolaus boosted their price objective on shares of Extra Space Storage from $216.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, November 30th. They noted that the move was a valuation call. Finally, Evercore ISI reissued a “hold” rating and set a $196.00 price objective on shares of Extra Space Storage in a report on Friday, October 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus target price of $195.12.
Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, October 27th. The real estate investment trust reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.31). Extra Space Storage had a net margin of 49.09% and a return on equity of 22.72%. The firm had revenue of $351.36 million during the quarter, compared to analyst estimates of $338.35 million. During the same period in the prior year, the firm earned $1.31 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts expect that Extra Space Storage Inc. will post 6.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Wednesday, December 15th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is 93.11%.
In other news, CFO P Scott Stubbs sold 4,625 shares of the stock in a transaction on Monday, December 13th. The shares were sold at an average price of $213.75, for a total value of $988,593.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew T. Herrington sold 400 shares of the company’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $202.53, for a total transaction of $81,012.00. The disclosure for this sale can be found here. Insiders have sold 8,775 shares of company stock valued at $1,891,793 in the last ninety days. 2.64% of the stock is currently owned by company insiders.
Extra Space Storage Profile
Extra Space Storage, Inc is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores.
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