Schroder Investment Management Group lowered its position in Extra Space Storage Inc (NYSE:EXR) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,478 shares of the real estate investment trust’s stock after selling 1,053 shares during the period. Schroder Investment Management Group owned about 0.17% of Extra Space Storage worth $16,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EXR. BlackRock Inc. grew its holdings in shares of Extra Space Storage by 2,356.1% in the first quarter. BlackRock Inc. now owns 11,742,847 shares of the real estate investment trust’s stock worth $873,550,000 after acquiring an additional 11,264,744 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Extra Space Storage by 161.6% in the second quarter. JPMorgan Chase & Co. now owns 1,319,479 shares of the real estate investment trust’s stock worth $102,921,000 after acquiring an additional 815,051 shares during the period. Vanguard Group Inc. grew its holdings in shares of Extra Space Storage by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,494,458 shares of the real estate investment trust’s stock worth $1,598,973,000 after acquiring an additional 411,415 shares during the period. American Century Companies Inc. grew its holdings in shares of Extra Space Storage by 112.6% in the second quarter. American Century Companies Inc. now owns 632,684 shares of the real estate investment trust’s stock worth $49,349,000 after acquiring an additional 335,139 shares during the period. Finally, Tobam grew its holdings in shares of Extra Space Storage by 50.2% in the second quarter. Tobam now owns 774,418 shares of the real estate investment trust’s stock worth $60,405,000 after acquiring an additional 258,912 shares during the period.

Several analysts recently commented on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Extra Space Storage in a report on Thursday. BidaskClub lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Bank of America Corporation lowered Extra Space Storage from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $83.00 to $81.00 in a report on Thursday, July 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $77.00 price objective on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Extra Space Storage in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $81.78.

In other news, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $77.27, for a total transaction of $100,451.00. Following the sale, the executive vice president now directly owns 87,575 shares in the company, valued at approximately $6,766,920.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $1,581,800.00. Following the sale, the director now owns 665,748 shares in the company, valued at $52,654,009.32. The disclosure for this sale can be found here. Insiders have sold a total of 62,600 shares of company stock valued at $4,909,001 in the last quarter. Company insiders own 3.72% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Extra Space Storage Inc (EXR) Shares Sold by Schroder Investment Management Group” was originally reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/09/15/extra-space-storage-inc-exr-shares-sold-by-schroder-investment-management-group.html.

Shares of Extra Space Storage Inc (NYSE EXR) opened at 78.37 on Friday. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 26.78 and a beta of 0.35. The firm’s 50-day moving average price is $77.66 and its 200 day moving average price 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 quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $276.00 million during 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 company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. On average, analysts predict that Extra Space Storage Inc will post $2.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.98%. Extra Space Storage’s payout ratio is currently 107.22%.

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.

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.