Advisor Partners LLC Raises Stake in Extra Space Storage Inc (EXR)
Advisor Partners LLC increased its stake in Extra Space Storage Inc (NYSE:EXR) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,603 shares of the real estate investment trust’s stock after buying an additional 449 shares during the period. Advisor Partners LLC’s holdings in Extra Space Storage were worth $281,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of EXR. Atria Investments LLC bought a new position in Extra Space Storage during the second quarter valued at about $213,000. Janney Montgomery Scott LLC acquired a new stake in Extra Space Storage during the first quarter worth $204,000. Pacer Advisors Inc. boosted its stake in 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 worth $209,000 after buying an additional 88 shares during the last quarter. Global X Management Co. LLC boosted its stake in Extra Space Storage by 42.4% in the first quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 842 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in Extra Space Storage during the first quarter worth $216,000.
Extra Space Storage Inc (NYSE:EXR) opened at 76.31 on Friday. The firm has a 50-day moving average of $77.57 and a 200-day moving average of $76.43. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $83.88. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 26.08 and a beta of 0.34.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The business had revenue of $276 million for the quarter, compared to analyst estimates of $239.89 million. During the same period last year, the firm earned $0.94 earnings per share. Extra Space Storage’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Extra Space Storage Inc will post $2.67 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/12/advisor-partners-llc-raises-stake-in-extra-space-storage-inc-exr.html.
A number of analysts recently weighed in on EXR shares. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a research note on Thursday, April 27th. Citigroup Inc. reissued a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. 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 research note on Monday, May 15th. Cantor Fitzgerald reissued 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, BidaskClub raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $85.67.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $77.27, for a total value of $100,451.00. Following the transaction, the executive vice president now directly owns 87,575 shares of the company’s stock, valued at approximately $6,766,920.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the completion of the transaction, the director now directly owns 665,748 shares in the company, valued at $52,654,009.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,900 shares of company stock worth $4,957,788. 3.72% of the stock is owned by 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).
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.