Public Sector Pension investment Board decreased its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 51.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,800 shares of the real estate investment trust’s stock after selling 14,800 shares during the period. Public Sector Pension investment Board’s holdings in Extra Space Storage were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Extra Space Storage by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 21,494,458 shares of the real estate investment trust’s stock worth $1,598,973,000 after purchasing an additional 411,415 shares in the last quarter. BlackRock Inc. raised its holdings in 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 worth $943,130,000 after purchasing an additional 348,554 shares during the period. PGGM Investments raised its holdings in Extra Space Storage by 2.4% in the 2nd quarter. PGGM Investments now owns 1,890,000 shares of the real estate investment trust’s stock worth $147,420,000 after purchasing an additional 45,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Extra Space Storage by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,708,728 shares of the real estate investment trust’s stock worth $127,111,000 after purchasing an additional 42,942 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Extra Space Storage by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 1,389,334 shares of the real estate investment trust’s stock worth $103,224,000 after purchasing an additional 117,673 shares during the period.

Extra Space Storage Inc (NYSE EXR) opened at 79.92 on Monday. The stock has a 50 day moving average price of $77.77 and a 200 day moving average price of $76.89. The stock has a market capitalization of $10.07 billion, a P/E ratio of 27.31 and a beta of 0.36. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $83.23.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the 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 $276.00 million for the quarter, compared to analyst estimates of $239.89 million. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts predict that Extra Space Storage Inc will post $2.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.78 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.90%. Extra Space Storage’s payout ratio is 107.22%.

Several equities analysts recently weighed in on the company. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $82.00 price target on shares of Extra Space Storage in a research report on Friday, August 25th. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a research report on Sunday, August 20th. Evercore ISI reaffirmed an “in-line” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Extra Space Storage in a research note on Thursday, September 14th. Finally, BMO Capital Markets began coverage on Extra Space Storage in a research note on Monday, September 11th. They issued a “market perform” rating and a $78.00 price objective on the stock. Two 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 company. The company has an average rating of “Hold” and a consensus price target of $81.78.

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In related news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $78.12, for a total value of $1,562,400.00. Following the completion of the sale, the director now owns 665,748 shares of the company’s stock, valued at approximately $52,008,233.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction, the executive vice president now owns 84,975 shares of the company’s stock, valued at $6,669,687.75. The disclosure for this sale can be found here. Insiders sold a total of 43,900 shares of company stock valued at $3,444,838 in the last ninety days. 3.72% of the stock is currently 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.

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

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