Extra Space Storage, Inc. (EXR) Shares Sold by ING Groep NV

ING Groep NV lowered its position in shares of Extra Space Storage, Inc. (NYSE:EXR) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,430 shares of the real estate investment trust’s stock after selling 813 shares during the period. ING Groep NV’s holdings in Extra Space Storage were worth $478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Extra Space Storage by 2.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,820 shares of the real estate investment trust’s stock worth $3,162,000 after buying an additional 1,064 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Extra Space Storage by 32.8% in the third quarter. Chicago Equity Partners LLC now owns 4,410 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 1,090 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Extra Space Storage by 0.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 419,666 shares of the real estate investment trust’s stock worth $33,326,000 after buying an additional 1,690 shares during the last quarter. DnB Asset Management AS purchased a new position in shares of Extra Space Storage during the third quarter worth about $834,000. Finally, World Asset Management Inc boosted its position in shares of Extra Space Storage by 1.9% in the third quarter. World Asset Management Inc now owns 15,107 shares of the real estate investment trust’s stock worth $1,200,000 after buying an additional 276 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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

Extra Space Storage, Inc. (NYSE:EXR) traded up 1.258% on Friday, hitting $76.855. The stock had a trading volume of 1,195,331 shares. The company has a 50-day moving average of $76.19 and a 200 day moving average of $74.85. Extra Space Storage, Inc. has a 12 month low of $68.09 and a 12 month high of $94.81. The company has a market cap of $9.65 billion, a PE ratio of 26.603 and a beta of 0.41.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. The company had revenue of $263 million for the quarter, compared to analysts’ expectations of $233.12 million. Extra Space Storage had a return on equity of 14.98% and a net margin of 30.57%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, analysts predict that Extra Space Storage, Inc. will post $2.69 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. Goldman Sachs Group Inc upgraded shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price target on the stock in a research note on Monday. Citigroup Inc restated a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Cantor Fitzgerald restated a “neutral” rating and set a $76.00 target price on shares of Extra Space Storage in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a research note on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $88.40.

In related news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the transaction, the director now owns 664,430 shares in the company, valued at $52,908,560.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total value of $96,967.00. Following the completion of the transaction, the executive vice president now owns 89,475 shares in the company, valued at approximately $6,673,940.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,900 shares of company stock worth $4,900,590. 4.13% of the stock is currently 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.

5 Day Chart for NYSE:EXR

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