Vident Investment Advisory LLC acquired a new stake in Extra Space Storage Inc (NYSE:EXR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,084 shares of the real estate investment trust’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXR. Retirement Systems of Alabama raised its stake in shares of Extra Space Storage by 0.3% in the second quarter. Retirement Systems of Alabama now owns 61,049 shares of the real estate investment trust’s stock valued at $4,762,000 after acquiring an additional 184 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Extra Space Storage by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 66,200 shares of the real estate investment trust’s stock valued at $5,129,000 after buying an additional 800 shares in the last quarter. Global X Management Co. LLC raised its stake in Extra Space Storage by 15.6% in the second quarter. Global X Management Co. LLC now owns 3,272 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 442 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Extra Space Storage by 10.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,263,858 shares of the real estate investment trust’s stock valued at $98,581,000 after buying an additional 115,731 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Extra Space Storage by 13.3% in the second quarter. Advisors Asset Management Inc. now owns 5,032 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 590 shares in the last quarter.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at $87.56 on Friday. 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 52-week low of $71.34 and a 52-week high of $88.56. The company has a market capitalization of $10,912.28, a PE ratio of 20.23, a PEG ratio of 3.33 and a beta of 0.39.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $284.16 million for the quarter, compared to analysts’ expectations of $246.85 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. research analysts forecast that Extra Space Storage Inc will post 4.34 EPS for the current fiscal year.

Extra Space Storage announced that its board has approved a share buyback program on Monday, November 13th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is currently 114.71%.

In other news, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $85.24, for a total transaction of $1,704,800.00. Following the sale, the director now owns 578,748 shares in the company, valued at $49,332,479.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Grace Kunde sold 350 shares of Extra Space Storage stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $87.65, for a total value of $30,677.50. Following the sale, the senior vice president now owns 11,209 shares in the company, valued at approximately $982,468.85. The disclosure for this sale can be found here. Insiders have sold 62,950 shares of company stock worth $5,174,733 in the last quarter. Insiders own 3.72% of the company’s stock.

A number of analysts have weighed in on EXR shares. BMO Capital Markets restated a “hold” rating and issued a $78.00 price target on shares of Extra Space Storage in a research note on Thursday, November 2nd. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a research note on Wednesday, November 1st. Jefferies Group restated a “hold” rating and issued a $80.00 price target on shares of Extra Space Storage in a research note on Tuesday, October 24th. Morgan Stanley upgraded Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target on the stock in a research note on Wednesday. Finally, Evercore ISI restated an “in-line” rating and issued a $80.00 price target (up from $78.00) on shares of Extra Space Storage in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.42.

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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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