Extra Space Storage Inc (EXR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in Extra Space Storage Inc (NYSE:EXR) by 27.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,186,770 shares of the real estate investment trust’s stock after selling 442,135 shares during the period. Prudential Financial Inc. owned approximately 0.94% of Extra Space Storage worth $88,284,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Extra Space Storage by 5.2% in the fourth quarter. FMR LLC now owns 14,309,328 shares of the real estate investment trust’s stock worth $1,105,253,000 after buying an additional 713,606 shares during the last quarter. 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 last quarter. AMP Capital Investors Ltd increased its stake in shares of Extra Space Storage by 4.8% in the third quarter. AMP Capital Investors Ltd now owns 1,728,039 shares of the real estate investment trust’s stock worth $139,831,000 after buying an additional 79,460 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Extra Space Storage by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,665,786 shares of the real estate investment trust’s stock worth $128,661,000 after buying an additional 68,349 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Extra Space Storage by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 1,307,922 shares of the real estate investment trust’s stock worth $97,295,000 after buying an additional 38,310 shares during the last quarter.

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

Extra Space Storage Inc (EXR) opened at 78.50 on Friday. The company’s 50-day moving average price is $75.32 and its 200 day moving average price is $75.50. The stock has a market capitalization of $9.86 billion, a PE ratio of 27.17 and a beta of 0.38. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $94.49.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. Extra Space Storage had a return on equity of 14.92% and a net margin of 36.40%. The company had revenue of $263 million during the quarter, compared to analysts’ expectations of $233.12 million. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts forecast that Extra Space Storage Inc will post $2.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 3.97%. Extra Space Storage’s payout ratio is 108.33%.

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A number of equities research analysts recently weighed in on the company. Citigroup Inc. reaffirmed a “neutral” rating on shares of Extra Space Storage in a research report on Thursday, May 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Extra Space Storage in a report on Thursday, April 27th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price target on shares of Extra Space Storage in a report on Monday, April 3rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $77.00 price target on shares of Extra Space Storage in a report on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) raised 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 analysts have rated the stock with a sell rating, eight have issued 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 an average target price of $88.50.

In other news, Director Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,503,000.00. Following the completion of the transaction, the director now directly owns 664,430 shares of the company’s stock, valued at approximately $49,931,914.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James Overturf sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total value of $96,967.00. Following the transaction, the executive vice president now directly owns 89,475 shares of the company’s stock, valued at $6,673,940.25. The disclosure for this sale can be found here. Insiders have sold a total of 63,900 shares of company stock valued at $4,822,587 over the last ninety days. 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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