Dimensional Fund Advisors LP lifted its holdings in Extra Space Storage Inc (NYSE:EXR) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,815,712 shares of the real estate investment trust’s stock after acquiring an additional 41,673 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Extra Space Storage worth $145,109,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sun Life Financial INC grew its position in Extra Space Storage by 570.1% during the third quarter. Sun Life Financial INC now owns 6,158 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 5,239 shares during the period. Loudon Investment Management LLC grew its position in Extra Space Storage by 5.8% during the third quarter. Loudon Investment Management LLC now owns 10,780 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 595 shares during the period. Schwab Charles Investment Management Inc. grew its position in Extra Space Storage by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,338,390 shares of the real estate investment trust’s stock valued at $106,965,000 after buying an additional 74,532 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Extra Space Storage during the third quarter valued at $259,000. Finally, Wells Fargo & Company MN grew its position in Extra Space Storage by 3.1% during the third quarter. Wells Fargo & Company MN now owns 652,010 shares of the real estate investment trust’s stock valued at $52,110,000 after buying an additional 19,471 shares during the period.

Shares of Extra Space Storage Inc (NYSE:EXR) traded down $0.22 during mid-day trading on Friday, reaching $86.60. 906,300 shares of the company’s stock were exchanged, compared to its average volume of 1,010,877. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.68. Extra Space Storage Inc has a one year low of $71.34 and a one year high of $88.56. The stock has a market capitalization of $11,038.28, a P/E ratio of 20.47, a PEG ratio of 3.37 and a beta of 0.39.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The company had revenue of $284.16 million for the quarter, compared to the consensus estimate of $246.85 million. During the same period in the previous year, the firm earned $1.02 earnings per share. Extra Space Storage’s quarterly revenue was up 10.5% compared to the same quarter last year. analysts anticipate that Extra Space Storage Inc will post 4.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 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 3.60%. The ex-dividend date of this dividend is Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 114.71%.

Extra Space Storage declared that its Board of Directors has authorized a share repurchase plan on Monday, November 13th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. BidaskClub downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. KeyCorp reaffirmed a “hold” rating on shares of Extra Space Storage in a report on Wednesday, October 11th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $77.00 price objective on shares of Extra Space Storage in a report on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $92.00 price objective on shares of Extra Space Storage in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Extra Space Storage currently has an average rating of “Hold” and an average target price of $86.42.

In other Extra Space Storage news, SVP Grace Kunde sold 350 shares of Extra Space Storage stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $87.65, for a total transaction of $30,677.50. Following the completion of the sale, the senior vice president now directly owns 11,209 shares in the company, valued at $982,468.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $79.64, for a total transaction of $1,592,800.00. The disclosure for this sale can be found here. Insiders have sold 62,950 shares of company stock worth $5,174,733 over the last ninety days. 3.72% of the stock is owned by insiders.

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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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