IFP Advisors Inc increased its position in Extra Space Storage Inc (NYSE:EXR) by 71.3% during the second quarter, Holdings Channel reports. The fund owned 5,328 shares of the real estate investment trust’s stock after buying an additional 2,217 shares during the period. IFP Advisors Inc’s holdings in Extra Space Storage were worth $416,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EXR. Cleararc Capital Inc. boosted its stake in shares of Extra Space Storage by 0.7% in the first quarter. Cleararc Capital Inc. now owns 3,095 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 22 shares during the last quarter. Creative Planning boosted its stake in shares of Extra Space Storage by 1.1% in the second quarter. Creative Planning now owns 5,912 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 62 shares during the last quarter. Pacer Advisors Inc. boosted its stake 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 worth $209,000 after buying an additional 88 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Extra Space Storage by 0.3% in the first quarter. Arizona State Retirement System now owns 36,400 shares of the real estate investment trust’s stock worth $2,708,000 after buying an additional 100 shares during the last quarter. Finally, Kissinger Financial Services LLC boosted its stake in shares of Extra Space Storage by 0.9% in the second quarter. Kissinger Financial Services LLC now owns 10,709 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 100 shares during the last quarter.

Shares of Extra Space Storage Inc (NYSE EXR) opened at 76.87 on Tuesday. The stock’s 50 day moving average price is $77.52 and its 200 day moving average price is $76.48. The company has a market cap of $9.69 billion, a PE ratio of 26.27 and a beta of 0.34. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $83.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The company had revenue of $276 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter in the previous year, the firm earned $0.94 EPS. Extra Space Storage’s revenue was up 13.0% on a year-over-year basis. Equities analysts predict that Extra Space Storage Inc will post $2.67 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on EXR. Citigroup Inc. reaffirmed a “neutral” rating on shares of Extra Space Storage in a research report on Thursday, May 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a research report on Thursday, April 27th. Cantor Fitzgerald reissued a “neutral” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research report on Monday, May 22nd. Bank of America Corporation cut Extra Space Storage from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $83.00 to $81.00 in a research report on Thursday, July 20th. Finally, BidaskClub raised Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $83.13.

In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $77.27, for a total value of $100,451.00. Following the completion of the transaction, the executive vice president now owns 87,575 shares of the company’s stock, valued at approximately $6,766,920.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $79.09, for a total value of $1,581,800.00. Following the completion of the transaction, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,654,009.32. The disclosure for this sale can be found here. Insiders have sold a total of 63,900 shares of company stock valued at $4,957,788 in the last three months. 3.72% of the stock is owned by insiders.

Extra Space Storage Company 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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