Duff & Phelps Investment Management Co. boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 806,796 shares of the real estate investment trust’s stock after buying an additional 12,825 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Extra Space Storage were worth $62,930,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of 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. Global X Management Co. LLC increased its position in shares of 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. Advisor Partners LLC increased its position in shares of Extra Space Storage by 14.2% in the second quarter. Advisor Partners LLC now owns 3,603 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 449 shares in the last quarter. American Assets Capital Advisers increased its position in shares of Extra Space Storage by 63.2% in the second quarter. American Assets Capital Advisers now owns 134,287 shares of the real estate investment trust’s stock valued at $8,319,000 after buying an additional 52,005 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of 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.

Shares of Extra Space Storage Inc (EXR) opened at 76.23 on Friday. The company has a market cap of $9.60 billion, a PE ratio of 26.05 and a beta of 0.34. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $85.12. The company has a 50-day moving average of $77.60 and a 200 day moving average of $76.42.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $276 million for the quarter, compared to analyst estimates of $239.89 million. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, analysts anticipate that Extra Space Storage Inc will post $2.67 earnings per share for the current year.

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Several brokerages have weighed in on EXR. BidaskClub downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Bank of America Corporation downgraded shares of Extra Space Storage from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $83.00 to $81.00 in a report on Thursday, July 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) raised shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price on the stock in a report on Monday, May 15th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.67.

In other news, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.75, for a total transaction of $1,515,000.00. Following the transaction, the director now owns 665,748 shares in the company, valued at approximately $50,430,411. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.90, for a total value of $97,370.00. Following the transaction, the executive vice president now owns 88,875 shares in the company, valued at approximately $6,656,737.50. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $4,957,788 in the last 90 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.

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

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