Extra Space Storage Inc (EXR) Shares Bought by Gyroscope Capital Management Group LLC
Gyroscope Capital Management Group LLC grew its holdings in Extra Space Storage Inc (NYSE:EXR) by 31.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,803 shares of the real estate investment trust’s stock after purchasing an additional 915 shares during the period. Gyroscope Capital Management Group LLC’s holdings in Extra Space Storage were worth $297,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of EXR. Pacer Advisors Inc. increased 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 in the last quarter. Global X Management Co. LLC increased 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 in the last quarter. Atria Investments LLC bought a new stake in shares of Extra Space Storage in the 2nd quarter worth $213,000. Achmea Investment Management B.V. bought a new stake in shares of Extra Space Storage in the 1st quarter worth $216,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Extra Space Storage in the 1st quarter worth $218,000.
In related news, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $79.64, for a total value of $1,592,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $75.50, for a total value of $98,150.00. Following the completion of the transaction, the executive vice president now directly owns 86,275 shares in the company, valued at $6,513,762.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,900 shares of company stock worth $5,037,638. 3.72% of the stock is owned by insiders.
Shares of Extra Space Storage Inc (NYSE EXR) traded down 0.10% during mid-day trading on Friday, hitting $80.38. The company had a trading volume of 1,069,389 shares. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $83.23. The company has a 50-day moving average price of $78.62 and a 200-day moving average price of $77.19. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 27.47 and a beta of 0.36.
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. On average, equities analysts anticipate that Extra Space Storage Inc will post $2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Thursday, September 14th. Extra Space Storage’s payout ratio is 107.22%.
A number of analysts have commented on the company. BidaskClub lowered Extra Space Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. 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. 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. Bank of America Corporation lowered 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.63.
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.
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