American Assets Investment Management LLC held its position in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the real estate investment trust’s stock at the end of the second quarter. American Assets Investment Management LLC’s holdings in Extra Space Storage were worth $3,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Investments LLC purchased a new position in shares of Extra Space Storage during the second quarter valued at $213,000. Janney Montgomery Scott LLC purchased a new position in shares of Extra Space Storage during the first quarter valued at $204,000. Pacer Advisors Inc. increased its position in shares of Extra Space Storage by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 88 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Extra Space Storage by 42.4% in the first quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 842 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in shares of Extra Space Storage during the first quarter valued at $216,000.

Extra Space Storage Inc (NYSE:EXR) opened at 76.61 on Wednesday. The company has a market cap of $9.65 billion, a P/E ratio of 26.18 and a beta of 0.34. The firm’s 50 day moving average is $77.45 and its 200 day moving average is $76.50. Extra Space Storage Inc has a 12-month low of $68.09 and a 12-month high of $82.83.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The business had revenue of $276 million for the quarter, compared to analyst estimates of $239.89 million. During the same quarter last year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Extra Space Storage Inc will post $2.69 EPS for the current fiscal year.

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Several brokerages recently weighed in on EXR. BidaskClub downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) raised shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price objective for the company in a report on Monday, May 15th. Bank of America Corporation downgraded shares of Extra Space Storage from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $83.00 to $81.00 in a report on Thursday, July 20th. Cantor Fitzgerald reissued a “neutral” rating and set a $77.00 price objective on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $83.13.

In related news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.75, for a total transaction of $1,515,000.00. Following the transaction, the director now directly owns 665,748 shares in the company, valued at $50,430,411. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $77.27, for a total transaction of $100,451.00. Following the transaction, the executive vice president now owns 87,575 shares in the company, valued at $6,766,920.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,600 shares of company stock worth $4,860,821. Company insiders own 3.72% of the company’s stock.

About Extra Space Storage

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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