Ranger Global Real Estate Advisors LLC lessened its holdings in Extra Space Storage Inc (NYSE:EXR) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,403 shares of the real estate investment trust’s stock after selling 4,458 shares during the period. Extra Space Storage comprises approximately 5.4% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 4th biggest holding. Ranger Global Real Estate Advisors LLC owned about 0.13% of Extra Space Storage worth $13,059,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EXR. Cbre Clarion Securities LLC purchased a new position in shares of Extra Space Storage in the 2nd quarter valued at $304,239,000. Capital Research Global Investors raised its stake in shares of Extra Space Storage by 56.2% in the 2nd quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock valued at $402,582,000 after acquiring an additional 1,857,594 shares during the period. APG Asset Management N.V. raised its stake in shares of Extra Space Storage by 2,889.7% in the 3rd quarter. APG Asset Management N.V. now owns 1,035,556 shares of the real estate investment trust’s stock valued at $82,762,000 after acquiring an additional 1,000,919 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Extra Space Storage by 161.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,319,479 shares of the real estate investment trust’s stock valued at $102,921,000 after acquiring an additional 815,051 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Extra Space Storage by 3.0% in the 2nd quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after acquiring an additional 348,554 shares during the period.

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A number of brokerages have recently commented on EXR. Cantor Fitzgerald reissued a “hold” rating and issued a $77.00 target price on shares of Extra Space Storage in a research note on Wednesday. BidaskClub downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Bank of America Corporation downgraded shares of Extra Space Storage from a “buy” rating to a “neutral” rating and cut their target price for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a research note on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Extra Space Storage in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.56.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business had revenue of $284.16 million during the quarter, compared to the consensus estimate of $246.85 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS.

In related news, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $78.12, for a total transaction of $1,562,400.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,008,233.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $78.49, for a total transaction of $102,037.00. Following the sale, the executive vice president now directly owns 84,975 shares of the company’s stock, valued at $6,669,687.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,900 shares of company stock valued at $3,461,727. 3.72% of the stock is owned by insiders.

Extra Space Storage Profile

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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