New Mexico Educational Retirement Board Sells 1,100 Shares of Extra Space Storage Inc (EXR)

New Mexico Educational Retirement Board lowered its position in Extra Space Storage Inc (NYSE:EXR) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,057 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Extra Space Storage were worth $2,310,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EXR. BlackRock Inc. increased its stake in shares of Extra Space Storage by 2,356.1% in the first quarter. BlackRock Inc. now owns 11,742,847 shares of the real estate investment trust’s stock worth $873,550,000 after buying an additional 11,264,744 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Extra Space Storage by 11.2% in the first quarter. Daiwa Securities Group Inc. now owns 5,327,021 shares of the real estate investment trust’s stock worth $396,278,000 after buying an additional 536,392 shares during the period. Vanguard Group Inc. increased its stake in shares of Extra Space Storage by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,494,458 shares of the real estate investment trust’s stock worth $1,598,973,000 after buying an additional 411,415 shares during the period. American Century Companies Inc. increased its stake in shares of Extra Space Storage by 184.5% in the first quarter. American Century Companies Inc. now owns 297,545 shares of the real estate investment trust’s stock worth $22,134,000 after buying an additional 192,948 shares during the period. Finally, Ranger Global Real Estate Advisors LLC purchased a new stake in shares of Extra Space Storage during the first quarter worth approximately $12,023,000.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at 76.23 on Friday. The company has a 50-day moving average of $77.60 and a 200-day moving average of $76.42. Extra Space Storage Inc has a 12-month low of $68.09 and a 12-month high of $85.12. The stock has a market capitalization of $9.60 billion, a P/E ratio of 26.05 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $276 million during the quarter, compared to analyst estimates of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The firm’s 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 earnings per share. Equities 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 recent research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a report on Thursday, April 27th. BidaskClub upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Citigroup Inc. reiterated a “neutral” rating on shares of Extra Space Storage in a report on Thursday, May 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $77.00 price target on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price target for the company in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $85.67.

In other news, Director Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.75, for a total value of $1,515,000.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at $50,430,411. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Overturf sold 1,300 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $74.90, for a total transaction of $97,370.00. Following the completion of the sale, the executive vice president now directly owns 88,875 shares of the company’s stock, valued at $6,656,737.50. The disclosure for this sale can be found here. Insiders sold 63,900 shares of company stock valued at $4,957,788 over the last three months. 3.72% of the stock is owned by insiders.

About Extra Space Storage

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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