FDx Advisors Inc. lowered its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,885 shares of the real estate investment trust’s stock after selling 2,616 shares during the quarter. FDx Advisors Inc.’s holdings in Extra Space Storage were worth $252,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXR. Fieldpoint Private Securities LLC purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at $103,000. Janney Montgomery Scott LLC purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at $200,000. Conning Inc. purchased a new stake in shares of Extra Space Storage in the 4th quarter valued at $202,000. Mackenzie Financial Corp purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at $237,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of Extra Space Storage in the 3rd quarter valued at $245,000.
A number of equities analysts have weighed in on the stock. Jefferies Group set a $90.00 target price on shares of Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, November 28th. Cantor Fitzgerald set a $86.00 price objective on shares of Extra Space Storage and gave the company a “hold” rating in a report on Thursday, March 8th. Wells Fargo & Co set a $93.00 price objective on shares of Extra Space Storage and gave the company a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Tuesday, March 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $92.00 target price on shares of Extra Space Storage in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $86.92.
In related news, EVP James Overturf sold 880 shares of Extra Space Storage stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $81.62, for a total value of $71,825.60. Following the transaction, the executive vice president now directly owns 82,577 shares in the company, valued at approximately $6,739,934.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth M. Woolley sold 2,195 shares of Extra Space Storage stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $86.44, for a total transaction of $189,735.80. Following the completion of the transaction, the insider now owns 807,444 shares in the company, valued at $69,795,459.36. The disclosure for this sale can be found here. Insiders sold a total of 53,470 shares of company stock worth $4,632,976 over the last ninety days. Corporate insiders own 3.72% of the company’s stock.
Shares of Extra Space Storage, Inc. (EXR) traded down $1.75 during trading hours on Wednesday, reaching $86.16. 1,029,797 shares of the company traded hands, compared to its average volume of 1,188,692. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.67. Extra Space Storage, Inc. has a 52-week low of $71.34 and a 52-week high of $88.56. The firm has a market capitalization of $11,035.84, a PE ratio of 22.91, a price-to-earnings-growth ratio of 3.33 and a beta of 0.25.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.55. Extra Space Storage had a net margin of 44.67% and a return on equity of 18.87%. The company had revenue of $281.84 million for the quarter, compared to analysts’ expectations of $283.74 million. research analysts predict that Extra Space Storage, Inc. will post 4.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.62%. Extra Space Storage’s payout ratio is 82.98%.
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.
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.