Tudor Investment Corp ET AL purchased a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the first quarter, Holdings Channel reports. The fund purchased 3,288 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC boosted its stake in Extra Space Storage by 216.2% in the first quarter. Gotham Asset Management LLC now owns 15,221 shares of the real estate investment trust’s stock worth $1,132,000 after buying an additional 10,408 shares during the period. Highbridge Capital Management LLC bought a new stake in Extra Space Storage during the first quarter worth approximately $4,984,000. Sii Investments Inc. WI boosted its stake in Extra Space Storage by 26.4% in the first quarter. Sii Investments Inc. WI now owns 6,328 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 1,320 shares during the period. Two Sigma Securities LLC bought a new stake in Extra Space Storage during the first quarter worth approximately $274,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Extra Space Storage during the first quarter worth approximately $968,000.

Extra Space Storage Inc (NYSE:EXR) opened at 80.30 on Thursday. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 27.80 and a beta of 0.35. The firm’s 50-day moving average is $77.20 and its 200-day moving average is $76.17. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $88.88.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Tuesday, June 13th. Extra Space Storage’s payout ratio is 108.33%.

TRADEMARK VIOLATION WARNING: “Tudor Investment Corp ET AL Purchases Shares of 3,288 Extra Space Storage Inc (NYSE:EXR)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/07/27/tudor-investment-corp-et-al-purchases-shares-of-3288-extra-space-storage-inc-nyseexr.html.

EXR has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a research note on Thursday, April 27th. BidaskClub upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. reiterated a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a research note on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price for the company in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.45.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $78.31, for a total value of $1,566,200.00. Following the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,134,725.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total value of $96,967.00. Following the completion of the sale, the executive vice president now directly owns 89,475 shares in the company, valued at $6,673,940.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,900 shares of company stock worth $4,881,588. 3.72% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR).

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

Receive News & Ratings for Extra Space Storage Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage Inc and related companies with MarketBeat.com's FREE daily email newsletter.