SG Americas Securities LLC cut its position in Extra Space Storage, Inc. (NYSE:EXR) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,324 shares of the real estate investment trust’s stock after selling 5,490 shares during the quarter. SG Americas Securities LLC’s holdings in Extra Space Storage were worth $4,100,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXR. Massachusetts Financial Services Co. MA raised its position in Extra Space Storage by 205.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,059,696 shares of the real estate investment trust’s stock valued at $205,577,000 after purchasing an additional 1,385,706 shares during the last quarter. Cbre Clarion Securities LLC raised its position in Extra Space Storage by 20.6% in the second quarter. Cbre Clarion Securities LLC now owns 4,585,475 shares of the real estate investment trust’s stock valued at $457,676,000 after purchasing an additional 781,758 shares during the last quarter. Barings LLC raised its position in Extra Space Storage by 7,994.1% in the third quarter. Barings LLC now owns 639,431 shares of the real estate investment trust’s stock valued at $55,400,000 after purchasing an additional 631,531 shares during the last quarter. Unigestion Holding SA raised its position in Extra Space Storage by 4,783.5% in the third quarter. Unigestion Holding SA now owns 358,010 shares of the real estate investment trust’s stock valued at $31,018,000 after purchasing an additional 350,679 shares during the last quarter. Finally, Morgan Stanley raised its position in Extra Space Storage by 203.5% in the second quarter. Morgan Stanley now owns 492,182 shares of the real estate investment trust’s stock valued at $49,124,000 after purchasing an additional 330,022 shares during the last quarter.

In other news, EVP James Overturf sold 880 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $86.24, for a total value of $75,891.20. Following the completion of the sale, the executive vice president now owns 72,097 shares of the company’s stock, valued at $6,217,645.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.52% of the company’s stock.

Several research firms have commented on EXR. ValuEngine upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup dropped their target price on Extra Space Storage from $103.00 to $92.00 and set a “hold” rating for the company in a research report on Friday, October 5th. SunTrust Banks reiterated a “hold” rating and issued a $93.00 target price on shares of Extra Space Storage in a research report on Wednesday, August 8th. Finally, BMO Capital Markets set a $93.00 target price on Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, July 31st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $96.40.

Shares of EXR stock opened at $94.50 on Wednesday. The stock has a market capitalization of $12.07 billion, a PE ratio of 21.58, a P/E/G ratio of 3.76 and a beta of 0.07. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.72. Extra Space Storage, Inc. has a 1-year low of $77.53 and a 1-year high of $101.96.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.17). The company had revenue of $266.70 million during the quarter, compared to analyst estimates of $266.81 million. Extra Space Storage had a net margin of 47.29% and a return on equity of 20.11%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. As a group, research analysts predict that Extra Space Storage, Inc. will post 4.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.86 dividend. The ex-dividend date is Thursday, December 13th. This represents a $3.44 annualized dividend and a dividend yield of 3.64%. Extra Space Storage’s payout ratio is 78.54%.

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About Extra Space Storage

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2018, the Company owned and/or operated 1,568 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,090,000 units and approximately 119 million square feet of rentable space.

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

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