Kentucky Retirement Systems acquired a new position in shares of Extra Space Storage, Inc. (NYSE:EXR) during the 4th quarter, Holdings Channel reports. The fund acquired 5,503 shares of the real estate investment trust’s stock, valued at approximately $498,000.

Several other large investors also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Extra Space Storage during the 4th quarter worth about $226,000. UBS Oconnor LLC bought a new position in shares of Extra Space Storage during the 4th quarter worth about $4,352,000. HRT Financial LLC bought a new position in shares of Extra Space Storage during the 4th quarter worth about $473,000. Macquarie Group Ltd. increased its holdings in shares of Extra Space Storage by 6.1% during the 4th quarter. Macquarie Group Ltd. now owns 204,482 shares of the real estate investment trust’s stock worth $18,501,000 after purchasing an additional 11,718 shares during the period. Finally, National Pension Service boosted its position in shares of Extra Space Storage by 7.6% during the 4th quarter. National Pension Service now owns 164,122 shares of the real estate investment trust’s stock valued at $16,245,000 after acquiring an additional 11,586 shares in the last quarter. Institutional investors own 98.80% of the company’s stock.

Several analysts have recently weighed in on the stock. Evercore ISI lowered shares of Extra Space Storage from an “in-line” rating to an “underperform” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Raymond James lowered shares of Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 target price on the stock. in a research report on Thursday, March 21st. Finally, ValuEngine upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $97.83.

In other Extra Space Storage news, CFO P Scott Stubbs sold 15,600 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $98.58, for a total value of $1,537,848.00. Following the transaction, the chief financial officer now directly owns 160,612 shares in the company, valued at $15,833,130.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James Overturf sold 880 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $99.64, for a total transaction of $87,683.20. Following the completion of the transaction, the executive vice president now owns 70,489 shares in the company, valued at $7,023,523.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,754 shares of company stock worth $12,226,912. Company insiders own 3.52% of the company’s stock.

Shares of Extra Space Storage stock opened at $101.18 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.73. Extra Space Storage, Inc. has a twelve month low of $83.70 and a twelve month high of $102.78. The stock has a market cap of $12.97 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 5.00 and a beta of 0.30.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, February 20th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Extra Space Storage had a net margin of 37.36% and a return on equity of 16.40%. The business had revenue of $266.60 million for the quarter, compared to analyst estimates of $265.39 million. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Extra Space Storage, Inc. will post 4.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 3.40%. Extra Space Storage’s dividend payout ratio (DPR) is presently 73.66%.

TRADEMARK VIOLATION NOTICE: “Kentucky Retirement Systems Acquires Shares of 5,503 Extra Space Storage, Inc. (EXR)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2019/04/02/kentucky-retirement-systems-acquires-shares-of-5503-extra-space-storage-inc-exr.html.

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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

See Also: How Investors Can Profit from Options Trading

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage, Inc. (NYSE:EXR).

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

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.