ETRADE Capital Management LLC increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,078 shares of the real estate investment trust’s stock after purchasing an additional 639 shares during the period. ETRADE Capital Management LLC’s holdings in Extra Space Storage were worth $1,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Extra Space Storage by 0.8% during the second quarter. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust’s stock valued at $1,689,976,000 after purchasing an additional 171,897 shares during the period. Northern Trust Corp increased its position in shares of Extra Space Storage by 3.9% during the second quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock valued at $149,759,000 after purchasing an additional 71,326 shares during the period. D.A. Davidson & CO. increased its position in shares of Extra Space Storage by 10.5% during the second quarter. D.A. Davidson & CO. now owns 7,625 shares of the real estate investment trust’s stock valued at $594,000 after purchasing an additional 725 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Extra Space Storage by 26.9% during the second quarter. UBS Asset Management Americas Inc. now owns 603,029 shares of the real estate investment trust’s stock valued at $47,036,000 after purchasing an additional 127,675 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Extra Space Storage by 5.9% during the second quarter. Lazard Asset Management LLC now owns 278,443 shares of the real estate investment trust’s stock valued at $21,718,000 after purchasing an additional 15,481 shares during the period.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,654,009.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.49, for a total value of $102,037.00. Following the sale, the executive vice president now directly owns 84,975 shares of the company’s stock, valued at $6,669,687.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,900 shares of company stock worth $5,011,038. 3.72% of the stock is owned by company insiders.

Extra Space Storage Inc (EXR) traded down 0.13% on Friday, hitting $79.24. The company had a trading volume of 73,131 shares. The stock’s 50-day moving average price is $77.77 and its 200 day moving average price is $76.89. The company has a market capitalization of $9.98 billion, a P/E ratio of 27.08 and a beta of 0.35. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $83.23.

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 analysts’ consensus estimates 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 $276.00 million for the quarter, compared to the consensus estimate of $239.89 million. During the same period in the prior year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts expect that Extra Space Storage Inc will post $2.76 EPS for the current fiscal year.

The company 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 yield of 3.93%. The ex-dividend date is Thursday, September 14th. Extra Space Storage’s dividend payout ratio (DPR) is currently 107.22%.

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EXR has been the topic of a number of research reports. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Cantor Fitzgerald restated a “hold” rating and set a $77.00 price objective on shares of Extra Space Storage in a research report on Sunday, August 20th. Evercore ISI restated an “in-line” rating and set a $80.00 price objective (up from $78.00) on shares of Extra Space Storage in a research report on Thursday, September 14th. BMO Capital Markets initiated coverage on Extra Space Storage in a research report on Monday, September 11th. They set a “market perform” rating and a $78.00 price objective on the stock. Finally, Bank of America Corporation cut Extra Space Storage from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $83.00 to $81.00 in a research 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 issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.78.

Extra Space Storage 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.

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

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