Fmr LLC lessened its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,525,758 shares of the real estate investment trust’s stock after selling 299,224 shares during the period. Fmr LLC owned approximately 9.94% of Extra Space Storage worth $977,008,000 at the end of the most recent reporting period.

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

In related news, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was 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 hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the completion of the transaction, the director now directly owns 665,748 shares in the company, valued at $52,134,725.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,900 shares of company stock valued at $5,011,038. Company insiders own 3.72% of the company’s stock.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at 78.89 on Friday. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $83.23. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 26.96 and a beta of 0.35. The company has a 50 day moving average price of $77.77 and a 200 day moving average price of $76.89.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $239.89 million. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts predict that Extra Space Storage Inc will post $2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.95%. Extra Space Storage’s dividend payout ratio is presently 107.22%.

EXR has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued a “hold” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Friday, September 1st. Evercore ISI reissued an “in-line” rating and issued a $80.00 target price (up previously from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. BMO Capital Markets initiated coverage on Extra Space Storage in a report on Monday, September 11th. They issued a “market perform” rating and a $78.00 target price for the company. BidaskClub lowered Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Extra Space Storage in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued 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 a consensus price target of $81.78.

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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.

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

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