Aberdeen Asset Management PLC UK Has $12.90 Million Stake in Extra Space Storage Inc (EXR)
Aberdeen Asset Management PLC UK lifted its position in Extra Space Storage Inc (NYSE:EXR) by 571.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 165,410 shares of the real estate investment trust’s stock after purchasing an additional 140,759 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.13% of Extra Space Storage worth $12,902,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Investments LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter worth about $213,000. Janney Montgomery Scott LLC bought a new stake in shares of Extra Space Storage in the 1st quarter worth about $204,000. Federated Investors Inc. PA bought a new stake in shares of Extra Space Storage in the 2nd quarter worth about $218,000. Pacer Advisors Inc. grew its holdings in shares of Extra Space Storage by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 88 shares during the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of Extra Space Storage by 42.4% in the 1st quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 842 shares during the last quarter.
Several equities research analysts have recently weighed in on EXR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Monday, May 22nd. BidaskClub raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Bank of America Corporation lowered 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. KeyCorp reaffirmed a “buy” rating and issued a $82.00 target price on shares of Extra Space Storage in a report on Friday, August 25th. Finally, BMO Capital Markets started coverage on shares of Extra Space Storage in a report on Monday. They issued a “market perform” rating and a $78.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has 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 price target of $82.00.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total value of $98,150.00. Following the transaction, the executive vice president now owns 86,275 shares in the company, valued at $6,513,762.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.09, for a total value of $1,581,800.00. Following the completion of the transaction, the director now owns 665,748 shares in the company, valued at approximately $52,654,009.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,600 shares of company stock worth $4,909,001. Company insiders own 3.72% of the company’s stock.
Extra Space Storage Inc (NYSE:EXR) opened at 77.47 on Wednesday. The firm has a market cap of $9.76 billion, a P/E ratio of 26.48 and a beta of 0.35. The company’s 50-day moving average is $77.80 and its 200 day moving average is $76.92. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $83.23.
Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $276.00 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Extra Space Storage Inc will post $2.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, September 14th. Extra Space Storage’s dividend payout ratio is presently 107.22%.
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.
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.