WINTON GROUP Ltd decreased its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,803 shares of the real estate investment trust’s stock after selling 4,477 shares during the period. WINTON GROUP Ltd’s holdings in Extra Space Storage were worth $783,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Cbre Clarion Securities LLC bought a new stake in shares of Extra Space Storage in the second quarter valued at $304,239,000. Capital Research Global Investors boosted its holdings in shares of Extra Space Storage by 56.2% in the 2nd quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock worth $402,582,000 after purchasing an additional 1,857,594 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Extra Space Storage by 2,889.7% in the 3rd quarter. APG Asset Management N.V. now owns 1,035,556 shares of the real estate investment trust’s stock worth $82,762,000 after purchasing an additional 1,000,919 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Extra Space Storage by 65.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,178,691 shares of the real estate investment trust’s stock worth $172,290,000 after purchasing an additional 859,212 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Extra Space Storage by 3.0% during the 2nd quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after acquiring an additional 348,554 shares during the period.
EXR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and set a $82.00 target price on shares of Extra Space Storage in a research note on Friday, August 25th. Robert W. Baird restated a “buy” rating and issued a $92.00 price target on shares of Extra Space Storage in a research note on Wednesday, November 29th. Wells Fargo & Company set a $93.00 price target on Extra Space Storage and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $78.00 target price on shares of Extra Space Storage in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.73.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $284.16 million during the quarter, compared to analyst estimates of $246.85 million. Extra Space Storage had a return on equity of 14.41% and a net margin of 33.21%. Extra Space Storage’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. equities research analysts anticipate that Extra Space Storage Inc will post 4.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.65%. Extra Space Storage’s payout ratio is 114.71%.
Extra Space Storage declared that its Board of Directors has initiated a share repurchase program on Monday, November 13th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In related news, SVP Grace Kunde sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $87.65, for a total value of $30,677.50. Following the completion of the transaction, the senior vice president now owns 11,209 shares of the company’s stock, valued at $982,468.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $79.64, for a total transaction of $1,592,800.00. The disclosure for this sale can be found here. Insiders sold 64,250 shares of company stock valued at $5,276,770 in the last three months. 3.72% of the stock is currently owned by insiders.
Extra Space Storage 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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