Tredje AP fonden reduced its position in Extra Space Storage Inc (NYSE:EXR) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,220 shares of the real estate investment trust’s stock after selling 880 shares during the quarter. Tredje AP fonden’s holdings in Extra Space Storage were worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of Extra Space Storage in the 3rd quarter worth $131,000. Federated Investors Inc. PA acquired a new stake in shares of Extra Space Storage in the 2nd quarter worth $218,000. Donaldson Capital Management LLC acquired a new stake in shares of Extra Space Storage in the 2nd quarter worth $231,000. Pacer Advisors Inc. increased its stake in shares of Extra Space Storage by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,042 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 232 shares during the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Extra Space Storage in the 3rd quarter worth $245,000.

In related news, SVP Grace Kunde sold 350 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $87.65, for a total transaction of $30,677.50. Following the completion of the transaction, the senior vice president now directly owns 11,209 shares in the company, valued at approximately $982,468.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $78.49, for a total value 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 have sold a total of 64,250 shares of company stock valued at $5,276,770 over the last 90 days. 3.72% of the stock is currently owned by company insiders.

A number of analysts have issued reports on EXR shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 target price on shares of Extra Space Storage in a research note on Friday, September 1st. Evercore ISI reiterated an “in-line” rating and set a $80.00 price target (up from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. BMO Capital Markets began coverage on Extra Space Storage in a report on Monday, September 11th. They set a “market perform” rating and a $78.00 price target for the company. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada increased their price target on Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Extra Space Storage currently has a consensus rating of “Hold” and an average price target of $86.73.

Extra Space Storage Inc (NYSE EXR) opened at $86.28 on Monday. The firm has a market capitalization of $10,871.95, a price-to-earnings ratio of 20.16, a PEG ratio of 3.32 and a beta of 0.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.68. Extra Space Storage Inc has a twelve month low of $71.34 and a twelve month high of $88.05.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Extra Space Storage had a return on equity of 14.41% and a net margin of 33.21%. The company had revenue of $284.16 million during the quarter, compared to analysts’ expectations of $246.85 million. During the same period last year, the business posted $1.02 EPS. Extra Space Storage’s revenue for the quarter was up 10.5% on a year-over-year basis. research analysts predict that Extra Space Storage Inc will post 4.34 earnings per share for the current year.

Extra Space Storage declared that its Board of Directors has approved a share repurchase plan on Monday, November 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is 114.71%.

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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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