Fisher Asset Management LLC cut its position in Extra Space Storage Inc (NYSE:EXR) by 4.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 327,885 shares of the real estate investment trust’s stock after selling 15,782 shares during the period. Fisher Asset Management LLC’s holdings in Extra Space Storage were worth $25,575,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cleararc Capital Inc. boosted its position 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 in the last quarter. Creative Planning boosted its position 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 in the last quarter. Pacer Advisors Inc. boosted 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 worth $209,000 after buying an additional 88 shares in the last quarter. Arizona State Retirement System boosted its position 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 in the last quarter. Finally, Kissinger Financial Services LLC boosted its position 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 in the last quarter.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at 76.68 on Monday. The stock’s 50 day moving average price is $76.45 and its 200-day moving average price is $75.91. Extra Space Storage Inc has a 12-month low of $68.09 and a 12-month high of $94.24. The company has a market cap of $9.63 billion, a PE ratio of 26.54 and a beta of 0.35.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The firm had revenue of $263 million for the quarter, compared to analyst estimates of $233.12 million. Extra Space Storage had a net margin of 36.40% and a return on equity of 14.92%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts forecast that Extra Space Storage Inc will post $2.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.78 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 4.07%. Extra Space Storage’s dividend payout ratio (DPR) is presently 108.33%.

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A number of equities analysts have issued reports on the stock. Citigroup Inc. reissued a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a report on Thursday, April 27th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a report on Monday, April 3rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, BidaskClub cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $88.18.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the transaction, the director now directly owns 665,748 shares in the company, valued at $52,134,725.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $80.50, for a total transaction of $104,650.00. Following the completion of the transaction, the executive vice president now owns 91,475 shares in the company, valued at $7,363,737.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,900 shares of company stock worth $4,885,787. 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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