Extra Space Storage, Inc. (NYSE:EXR) Shares Acquired by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System lifted its holdings in shares of Extra Space Storage, Inc. (NYSE:EXR) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,857 shares of the real estate investment trust’s stock after buying an additional 9,878 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.15% of Extra Space Storage worth $19,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its position in Extra Space Storage by 116.7% in the second quarter. FinTrust Capital Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 126 shares during the period. Signaturefd LLC lifted its position in Extra Space Storage by 103.4% in the second quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 122 shares during the period. Bessemer Group Inc. lifted its position in Extra Space Storage by 2,577.8% in the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 232 shares during the period. Advisory Services Network LLC lifted its position in Extra Space Storage by 87.1% in the second quarter. Advisory Services Network LLC now owns 593 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 276 shares during the period. Finally, Ibex Wealth Advisors acquired a new stake in Extra Space Storage in the second quarter valued at about $127,000. Institutional investors and hedge funds own 98.59% of the company’s stock.

EXR stock opened at $121.00 on Friday. The firm has a 50 day moving average of $114.02 and a 200-day moving average of $105.56. Extra Space Storage, Inc. has a 12-month low of $83.70 and a 12-month high of $123.16. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 5.39 and a beta of 0.22.

In other news, Director Spencer Kirk sold 248,103 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $121.33, for a total transaction of $30,102,336.99. Following the completion of the transaction, the director now directly owns 153,069 shares of the company’s stock, valued at approximately $18,571,861.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph D. Margolis sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $105.01, for a total transaction of $262,525.00. Following the transaction, the chief executive officer now directly owns 111,232 shares of the company’s stock, valued at $11,680,472.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,466 shares of company stock valued at $30,933,783. Insiders own 3.29% of the company’s stock.

A number of equities research analysts recently commented on the stock. Wells Fargo & Co raised their price objective on shares of Extra Space Storage from $114.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $94.00 price target on shares of Extra Space Storage in a research report on Wednesday, May 1st. Stifel Nicolaus began coverage on shares of Extra Space Storage in a research report on Monday, August 19th. They set a “buy” rating and a $131.00 price target for the company. Finally, Robert W. Baird set a $121.00 price target on shares of Extra Space Storage and gave the company a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $111.04.

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.

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

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