Wade G W & Inc. increased its position in shares of Extra Space Storage, Inc. (NYSE:EXR) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,383 shares of the real estate investment trust’s stock after acquiring an additional 2,571 shares during the quarter. Wade G W & Inc. owned 0.07% of Extra Space Storage worth $7,725,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in EXR. Janus Henderson Group PLC raised its holdings in shares of Extra Space Storage by 249.3% during the third quarter. Janus Henderson Group PLC now owns 1,139,069 shares of the real estate investment trust’s stock valued at $98,689,000 after acquiring an additional 812,925 shares during the period. Barings LLC grew its position in Extra Space Storage by 7,994.1% during the third quarter. Barings LLC now owns 639,431 shares of the real estate investment trust’s stock valued at $55,400,000 after purchasing an additional 631,531 shares in the last quarter. Nordea Investment Management AB purchased a new position in Extra Space Storage during the third quarter valued at approximately $35,720,000. Renaissance Technologies LLC grew its position in Extra Space Storage by 3,884.9% during the third quarter. Renaissance Technologies LLC now owns 422,400 shares of the real estate investment trust’s stock valued at $36,597,000 after purchasing an additional 411,800 shares in the last quarter. Finally, Unigestion Holding SA grew its position in Extra Space Storage by 4,783.5% during the third quarter. Unigestion Holding SA now owns 358,010 shares of the real estate investment trust’s stock valued at $31,018,000 after purchasing an additional 350,679 shares in the last quarter.
Shares of EXR opened at $100.38 on Friday. Extra Space Storage, Inc. has a 52 week low of $77.63 and a 52 week high of $101.96. The company has a market cap of $12.70 billion, a P/E ratio of 22.92, a P/E/G ratio of 4.29 and a beta of 0.34. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.72.
A number of research analysts recently commented on EXR shares. ValuEngine raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $96.50.
In related news, CMO James Overturf sold 440 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $91.99, for a total transaction of $40,475.60. Following the transaction, the chief marketing officer now directly owns 69,457 shares of the company’s stock, valued at $6,389,349.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,200 shares of company stock worth $207,860 over the last ninety days. 3.52% of the stock is currently owned by insiders.
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 September 30, 2018, the Company owned and/or operated 1,606 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.1 million units and approximately 122 million square feet of rentable space.
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