Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Extra Space Storage Inc (EXR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Extra Space Storage Inc (NYSE:EXR) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,354 shares of the real estate investment trust’s stock after buying an additional 14 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Extra Space Storage were worth $730,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in Extra Space Storage by 7.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 20,050 shares of the real estate investment trust’s stock valued at $1,492,000 after buying an additional 1,469 shares during the period. Legal & General Group Plc increased its stake in Extra Space Storage by 5.8% in the 1st quarter. Legal & General Group Plc now owns 789,162 shares of the real estate investment trust’s stock valued at $58,706,000 after buying an additional 43,409 shares during the period. Morgan Stanley increased its stake in Extra Space Storage by 108.1% in the 1st quarter. Morgan Stanley now owns 265,835 shares of the real estate investment trust’s stock valued at $19,777,000 after buying an additional 138,084 shares during the period. HighTower Advisors LLC increased its stake in Extra Space Storage by 6.4% in the 1st quarter. HighTower Advisors LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 235 shares during the period. Finally, Credit Suisse AG increased its stake in Extra Space Storage by 6.9% in the 1st quarter. Credit Suisse AG now owns 560,835 shares of the real estate investment trust’s stock valued at $41,720,000 after buying an additional 36,256 shares during the period.

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Several research analysts have weighed in on the stock. Evercore ISI reiterated an “in-line” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Extra Space Storage in a research note on Thursday. BMO Capital Markets initiated coverage on shares of Extra Space Storage in a research note on Monday, September 11th. They issued a “market perform” rating and a $78.00 price objective on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $77.00 target price on shares of Extra Space Storage in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $82.00 target price on shares of Extra Space Storage in a research report on Friday, August 25th. Finally, BidaskClub downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $81.78.

Shares of Extra Space Storage Inc (EXR) opened at 79.07 on Friday. The firm has a 50-day moving average of $77.73 and a 200 day moving average of $76.92. The company has a market capitalization of $9.96 billion, a P/E ratio of 27.02 and a beta of 0.35. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $83.23.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The company had revenue of $276.00 million for the quarter, compared to the consensus estimate of $239.89 million. During the same period last year, the company earned $0.94 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Extra Space Storage Inc will post $2.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.95%. Extra Space Storage’s payout ratio is 107.22%.

In related news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the transaction, the director now directly owns 665,748 shares in the company, valued at $52,654,009.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total transaction of $98,150.00. Following the transaction, the executive vice president now owns 86,275 shares in the company, valued at $6,513,762.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,600 shares of company stock worth $4,909,001. 3.72% of the stock is owned by corporate 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.

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

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