Shell Asset Management Co. maintained its position in Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,953 shares of the real estate investment trust’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Extra Space Storage were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EXR. Cleararc Capital Inc. raised its position in Extra Space Storage by 0.7% in the first quarter. Cleararc Capital Inc. now owns 3,095 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 22 shares during the last quarter. Creative Planning raised its stake in shares of Extra Space Storage by 1.1% in the second quarter. Creative Planning now owns 5,912 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 62 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Extra Space Storage by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 88 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Extra Space Storage by 0.3% in the first quarter. Arizona State Retirement System now owns 36,400 shares of the real estate investment trust’s stock valued at $2,708,000 after buying an additional 100 shares in the last quarter. Finally, Kissinger Financial Services LLC raised its stake in shares of Extra Space Storage by 0.9% in the second quarter. Kissinger Financial Services LLC now owns 10,709 shares of the real estate investment trust’s stock valued at $836,000 after buying an additional 100 shares in the last quarter.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at 76.23 on Friday. The stock has a market cap of $9.60 billion, a P/E 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 stock has a 50 day moving average price of $77.60 and a 200 day moving average price 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The business had revenue of $276 million during the quarter, compared to analyst estimates of $239.89 million. During the same period last year, the company earned $0.94 earnings per share. Extra Space Storage’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Extra Space Storage Inc will post $2.67 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/11/shell-asset-management-co-has-776000-stake-in-extra-space-storage-inc-nyseexr.html.

EXR has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) upgraded Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price target for the company in a research note on Monday, May 15th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada restated a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a research note on Thursday, April 27th. Bank of America Corporation lowered Extra Space Storage from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $83.00 to $81.00 in a research note on Thursday, July 20th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $77.00 price target on shares of Extra Space Storage in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $85.67.

In related news, EVP James Overturf sold 1,300 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the stock in a transaction on 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 owns 665,748 shares of the company’s stock, valued at $52,134,725.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,900 shares of company stock valued at $4,957,788. 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.