Great West Life Assurance Co. Can decreased its stake in Extra Space Storage Inc (NYSE:EXR) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 141,788 shares of the real estate investment trust’s stock after selling 1,167 shares during the period. Great West Life Assurance Co. Can’s holdings in Extra Space Storage were worth $11,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EXR. Janney Montgomery Scott LLC purchased a new position in Extra Space Storage during the first quarter valued at $204,000. Pacer Advisors Inc. boosted its position in 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 during the last quarter. Global X Management Co. LLC boosted its position in 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 during the last quarter. Atria Investments LLC purchased a new position in Extra Space Storage during the second quarter valued at $213,000. Finally, Achmea Investment Management B.V. purchased a new position in Extra Space Storage during the first quarter valued at $216,000.

Shares of Extra Space Storage Inc (NYSE EXR) opened at 76.59 on Thursday. The company has a 50 day moving average of $77.65 and a 200 day moving average of $76.42. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $85.12. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 26.26 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $276 million during the quarter, compared to the consensus estimate of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. On average, equities analysts forecast that Extra Space Storage Inc will post $2.67 earnings per share for the current fiscal year.

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EXR has been the topic of several research analyst reports. BidaskClub upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. 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 target price for the company in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 target price on shares of Extra Space Storage in a research note on Thursday, April 27th. Bank of America Corporation lowered shares of Extra Space Storage from a “buy” rating to a “neutral” rating and decreased their target price for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $77.00 target price on shares of Extra Space Storage in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $85.67.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $79.09, for a total value of $1,581,800.00. Following the completion of the sale, the director now owns 665,748 shares in the company, valued at $52,654,009.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James Overturf sold 1,300 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $74.90, for a total transaction of $97,370.00. Following the completion of the sale, the executive vice president now owns 88,875 shares of the company’s stock, valued at approximately $6,656,737.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,900 shares of company stock valued at $4,957,788. 3.72% of the stock is owned by insiders.

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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