Teachers Insurance & Annuity Association of America maintained its position in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,584 shares of the real estate investment trust’s stock at the end of the second quarter. Teachers Insurance & Annuity Association of America owned about 0.10% of Extra Space Storage worth $9,484,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its holdings in shares of Extra Space Storage by 7.9% in the first quarter. Mutual of America Capital Management LLC now owns 20,050 shares of the real estate investment trust’s stock valued at $1,492,000 after acquiring an additional 1,469 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Extra Space Storage by 5.8% in the first quarter. Legal & General Group Plc now owns 789,162 shares of the real estate investment trust’s stock valued at $58,706,000 after acquiring an additional 43,409 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Extra Space Storage by 108.1% in the first quarter. Morgan Stanley now owns 265,835 shares of the real estate investment trust’s stock valued at $19,777,000 after acquiring an additional 138,084 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Extra Space Storage by 6.4% in the first quarter. HighTower Advisors LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $288,000 after acquiring an additional 235 shares in the last quarter. Finally, Credit Suisse AG boosted its holdings in shares of Extra Space Storage by 6.9% in the first quarter. Credit Suisse AG now owns 560,835 shares of the real estate investment trust’s stock valued at $41,720,000 after acquiring an additional 36,256 shares in the last quarter.

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Shares of Extra Space Storage Inc (NYSE:EXR) traded up 0.19% during mid-day trading on Monday, reaching $79.22. 120,544 shares of the company were exchanged. The firm has a 50-day moving average price of $77.73 and a 200 day moving average price of $76.92. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $83.23. The stock has a market capitalization of $9.98 billion, a P/E ratio of 27.07 and a beta of 0.35.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $276.00 million during the quarter, compared to the consensus estimate of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that Extra Space Storage Inc will post $2.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, September 14th. Extra Space Storage’s dividend payout ratio (DPR) is 107.22%.

In related news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the completion of the transaction, the director now owns 665,748 shares in the company, valued at $52,134,725.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $75.50, for a total transaction of $98,150.00. Following the transaction, the executive vice president now owns 86,275 shares of the company’s stock, valued at approximately $6,513,762.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,600 shares of company stock valued at $4,909,001. 3.72% of the stock is currently owned by insiders.

EXR has been the subject of several recent analyst reports. BidaskClub upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Cantor Fitzgerald restated a “hold” rating and set a $77.00 target price on shares of Extra Space Storage in a report on Sunday, August 20th. Evercore ISI restated an “in-line” rating and set a $80.00 target price (up from $78.00) on shares of Extra Space Storage in a report on Thursday. BMO Capital Markets assumed coverage on shares of Extra Space Storage in a report on Monday, September 11th. They set a “market perform” rating and a $78.00 target price for the company. Finally, Bank of America Corporation cut shares of Extra Space Storage from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $81.00 in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Extra Space Storage has a consensus rating of “Hold” and an average target price of $81.78.

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.

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

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