Atria Investments LLC grew its stake in Extra Space Storage, Inc. (NYSE:EXR) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,079 shares of the real estate investment trust’s stock after acquiring an additional 985 shares during the period. Atria Investments LLC’s holdings in Extra Space Storage were worth $2,000,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP raised its stake in shares of Extra Space Storage by 10.4% in the 2nd quarter. Korea Investment CORP now owns 75,291 shares of the real estate investment trust’s stock valued at $7,515,000 after acquiring an additional 7,100 shares during the period. Soros Fund Management LLC purchased a new stake in shares of Extra Space Storage in the 2nd quarter valued at approximately $17,002,000. Qube Research & Technologies Ltd purchased a new stake in shares of Extra Space Storage in the 2nd quarter valued at approximately $533,000. Signet Financial Management LLC raised its stake in shares of Extra Space Storage by 9.7% in the 2nd quarter. Signet Financial Management LLC now owns 13,536 shares of the real estate investment trust’s stock valued at $1,351,000 after acquiring an additional 1,198 shares during the period. Finally, Glen Harbor Capital Management LLC grew its holdings in shares of Extra Space Storage by 92.9% in the second quarter. Glen Harbor Capital Management LLC now owns 17,442 shares of the real estate investment trust’s stock valued at $1,741,000 after purchasing an additional 8,398 shares in the last quarter.
Shares of EXR stock opened at $84.86 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $10.96 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 3.62 and a beta of 0.11. Extra Space Storage, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.96.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $1.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.15. The firm had revenue of $258.13 million during the quarter, compared to analysts’ expectations of $257.14 million. Extra Space Storage had a net margin of 44.23% and a return on equity of 18.93%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, research analysts predict that Extra Space Storage, Inc. will post 4.63 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, September 13th. Extra Space Storage’s dividend payout ratio (DPR) is presently 78.54%.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $87.19, for a total transaction of $76,727.20. Following the completion of the transaction, the executive vice president now owns 72,977 shares in the company, valued at approximately $6,362,864.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,640 shares of company stock valued at $244,191 in the last quarter. 3.52% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on EXR shares. SunTrust Banks restated a “hold” rating and issued a $93.00 price objective on shares of Extra Space Storage in a report on Wednesday, August 8th. Jefferies Financial Group restated a “hold” rating and issued a $104.00 price objective on shares of Extra Space Storage in a report on Wednesday, July 18th. Zacks Investment Research cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Bank of America lifted their price objective on shares of Extra Space Storage from $107.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 16th. Finally, Citigroup dropped their price objective on shares of Extra Space Storage from $103.00 to $92.00 and set a “hold” rating for the company in a report on Friday, October 5th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Extra Space Storage currently has an average rating of “Hold” and an average price target of $95.27.
Extra Space Storage 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 June 30, 2018, the Company owned and/or operated 1,568 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,090,000 units and approximately 119 million square feet of rentable space.
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