Natixis decreased its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,936 shares of the real estate investment trust’s stock after selling 69,258 shares during the period. Natixis owned 0.10% of Extra Space Storage worth $13,256,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its stake in shares of Extra Space Storage by 9.8% during the second quarter. Xact Kapitalforvaltning AB now owns 26,053 shares of the real estate investment trust’s stock valued at $2,764,000 after buying an additional 2,315 shares during the period. Achmea Investment Management B.V. purchased a new position in shares of Extra Space Storage during the 2nd quarter worth $689,000. Navellier & Associates Inc boosted its holdings in shares of Extra Space Storage by 21.2% during the second quarter. Navellier & Associates Inc now owns 7,484 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 1,311 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Extra Space Storage by 103.4% during the second quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 122 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Extra Space Storage by 7.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,442 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 540 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
In other Extra Space Storage news, SVP Grace Kunde sold 1,738 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $120.45, for a total transaction of $209,342.10. Following the completion of the sale, the senior vice president now directly owns 7,202 shares in the company, valued at $867,480.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spencer Kirk sold 248,103 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total transaction of $30,102,336.99. Following the completion of the sale, the director now directly owns 153,069 shares of the company’s stock, valued at approximately $18,571,861.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,524 shares of company stock valued at $32,159,600. Insiders own 3.29% of the company’s stock.
Shares of EXR traded up $0.08 during mid-day trading on Wednesday, reaching $115.86. The company had a trading volume of 31,614 shares, compared to its average volume of 802,052. Extra Space Storage, Inc. has a fifty-two week low of $83.70 and a fifty-two week high of $124.46. The firm has a fifty day simple moving average of $117.97 and a 200-day simple moving average of $107.55. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.19. 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 also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, September 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.11%. Extra Space Storage’s payout ratio is 77.09%.
Several equities analysts recently commented on EXR shares. Wells Fargo & Co upped their target price on Extra Space Storage from $114.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Zacks Investment Research lowered Extra Space Storage from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday. Robert W. Baird set a $121.00 price target on Extra Space Storage and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Citigroup lifted their price target on Extra Space Storage from $103.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Stifel Nicolaus initiated coverage on shares of Extra Space Storage in a research note on Monday, August 19th. They set a “buy” rating and a $131.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Extra Space Storage has an average rating of “Hold” and an average price target of $117.04.
Extra Space Storage Profile
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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