Texas Permanent School Fund cut its stake in Extra Space Storage, Inc. (NYSE:EXR) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,939 shares of the real estate investment trust’s stock after selling 641 shares during the quarter. Texas Permanent School Fund’s holdings in Extra Space Storage were worth $2,797,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXR. Xact Kapitalforvaltning AB raised its position in shares of Extra Space Storage by 9.8% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 26,053 shares of the real estate investment trust’s stock valued at $2,764,000 after buying an additional 2,315 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of Extra Space Storage during the 2nd quarter valued at approximately $689,000. Navellier & Associates Inc raised its position in shares of Extra Space Storage by 21.2% during the 2nd quarter. Navellier & Associates Inc now owns 7,484 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 1,311 shares during the period. Centersquare Investment Management LLC raised its position in shares of Extra Space Storage by 11.8% during the 2nd quarter. Centersquare Investment Management LLC now owns 1,148,451 shares of the real estate investment trust’s stock valued at $121,851,000 after buying an additional 120,950 shares during the period. Finally, Signaturefd LLC raised its position in shares of Extra Space Storage by 103.4% during the 2nd quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 122 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

EXR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, September 10th. ValuEngine downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lifted their target price on shares of Extra Space Storage from $114.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup lifted their target price on shares of Extra Space Storage from $103.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Finally, Robert W. Baird set a $121.00 target price on shares of Extra Space Storage and gave the company a “hold” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $115.53.

Extra Space Storage stock opened at $107.97 on Friday. Extra Space Storage, Inc. has a fifty-two week low of $86.99 and a fifty-two week high of $124.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.48 and a current ratio of 0.54. The firm has a 50 day moving average price of $114.55 and a 200 day moving average price of $111.95. The company has a market capitalization of $13.86 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 4.60 and a beta of 0.14.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.41). Extra Space Storage had a net margin of 34.38% and a return on equity of 15.63%. The company had revenue of $290.92 million during the quarter, compared to analyst estimates of $285.72 million. During the same quarter last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Extra Space Storage, Inc. will post 4.87 earnings per share for the current year.

In other Extra Space Storage news, CMO James Overturf sold 440 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $115.20, for a total value of $50,688.00. Following the completion of the transaction, the chief marketing officer now owns 64,329 shares in the company, valued at $7,410,700.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $114.44, for a total transaction of $286,100.00. Following the completion of the transaction, the chief executive officer now owns 108,732 shares of the company’s stock, valued at approximately $12,443,290.08. The disclosure for this sale can be found here. Insiders sold a total of 265,524 shares of company stock valued at $32,186,880 in the last quarter. 3.29% of the stock is owned by insiders.

Extra Space Storage Company Profile

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.

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

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