Sei Investments Co. lifted its stake in Extra Space Storage Inc (NYSE:EXR) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,693 shares of the real estate investment trust’s stock after purchasing an additional 27,408 shares during the quarter. Sei Investments Co. owned about 0.23% of Extra Space Storage worth $22,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of EXR. Vanguard Group Inc. raised its holdings in Extra Space Storage by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust’s stock worth $1,689,976,000 after acquiring an additional 171,897 shares during 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 acquiring an additional 348,554 shares during the last quarter. Capital Research Global Investors raised its holdings in 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 worth $402,582,000 after acquiring an additional 1,857,594 shares during the last quarter. Cbre Clarion Securities LLC purchased a new position in Extra Space Storage in the 2nd quarter worth approximately $304,239,000. Finally, Northern Trust Corp raised its holdings in Extra Space Storage by 3.9% in the 2nd quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock worth $149,759,000 after acquiring an additional 71,326 shares during the last quarter.

In other news, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total value of $98,150.00. Following the completion of the sale, the executive vice president now directly owns 86,275 shares in the company, valued at approximately $6,513,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $79.64, for a total value of $1,592,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,900 shares of company stock valued at $5,089,327. Company insiders own 3.72% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Tuesday. Cantor Fitzgerald boosted their price objective on shares of Extra Space Storage from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a report on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating and issued a $78.00 price objective on shares of Extra Space Storage in a report on Thursday, November 2nd. Finally, KeyCorp restated a “hold” rating on shares of Extra Space Storage in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $83.44.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at $86.87 on Tuesday. The firm has a market cap of $10,836.67, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.38. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.75 and a current ratio of 0.75. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $87.31.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $284.16 million during the quarter, compared to analyst estimates of $246.85 million. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. equities research analysts predict that Extra Space Storage Inc will post 4.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.59%. Extra Space Storage’s dividend payout ratio is presently 114.71%.

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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