Extra Space Storage Inc (EXR) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its position in shares of Extra Space Storage Inc (NYSE:EXR) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 27,659 shares of the real estate investment trust’s stock after buying an additional 7 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Extra Space Storage were worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXR. Chevy Chase Trust Holdings Inc. raised its stake in Extra Space Storage by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 108,544 shares of the real estate investment trust’s stock worth $8,074,000 after buying an additional 3,416 shares during the last quarter. Creative Planning raised its stake in Extra Space Storage by 13.5% in the first quarter. Creative Planning now owns 5,850 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 697 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Extra Space Storage by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 38,185 shares of the real estate investment trust’s stock worth $2,840,000 after buying an additional 625 shares during the last quarter. Bank of Montreal Can raised its stake in Extra Space Storage by 19.7% in the first quarter. Bank of Montreal Can now owns 86,230 shares of the real estate investment trust’s stock worth $6,415,000 after buying an additional 14,166 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in Extra Space Storage by 21.2% in the first quarter. Gradient Investments LLC now owns 80,155 shares of the real estate investment trust’s stock worth $5,963,000 after buying an additional 14,038 shares during the last quarter.

Shares of Extra Space Storage Inc (NYSE EXR) opened at 76.59 on Thursday. The company’s 50 day moving average price is $77.65 and its 200 day moving average price is $76.42. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 26.26 and a beta of 0.34. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $85.12.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $276 million for the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, analysts expect that Extra Space Storage Inc will post $2.67 earnings per share for the current fiscal year.

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EXR has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a report on Thursday, April 27th. Citigroup Inc. restated a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) upgraded Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price for the company in a report on Monday, May 15th. Cantor Fitzgerald restated a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $85.67.

In other news, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $78.31, for a total value of $1,566,200.00. Following the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,134,725.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $74.59, for a total transaction of $96,967.00. Following the completion of the sale, the executive vice president now directly owns 89,475 shares in the company, valued at $6,673,940.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,900 shares of company stock worth $4,957,788. 3.72% of the stock is owned by insiders.

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

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