Raymond James Financial Services Advisors Inc. trimmed its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,229 shares of the real estate investment trust’s stock after selling 783 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Extra Space Storage were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. grew its stake in Extra Space Storage by 202.1% in the 2nd quarter. Whittier Trust Co. now owns 287 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 192 shares in the last quarter. Private Capital Group LLC grew its position in shares of Extra Space Storage by 76.0% during the 1st quarter. Private Capital Group LLC now owns 542 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 234 shares in the last quarter. Verus Capital Partners LLC purchased a new position in shares of Extra Space Storage during the 4th quarter valued at $74,000. CWM Advisors LLC purchased a new position in shares of Extra Space Storage during the 1st quarter valued at $77,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Extra Space Storage during the 1st quarter valued at $91,000. Institutional investors and hedge funds own 98.28% of the company’s stock.
NYSE EXR opened at $103.34 on Friday. Extra Space Storage, Inc. has a 52-week low of $72.70 and a 52-week high of $124.46. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $13.34 billion, a P/E ratio of 31.03, a P/E/G ratio of 15.14 and a beta of 0.18. The company has a fifty day moving average of $95.78 and a 200-day moving average of $98.28.
Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.37). The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $284.34 million. Extra Space Storage had a return on equity of 16.27% and a net margin of 34.99%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, analysts forecast that Extra Space Storage, Inc. will post 4.82 EPS for the current fiscal year.
EXR has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Extra Space Storage in a research report on Tuesday, July 21st. They set a “hold” rating and a $106.00 price target for the company. Wells Fargo & Co reduced their price target on shares of Extra Space Storage from $101.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, June 22nd. Morgan Stanley boosted their price target on shares of Extra Space Storage from $68.00 to $83.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. Raymond James lowered shares of Extra Space Storage from a “market perform” rating to an “underperform” rating in a research report on Sunday, April 19th. Finally, Stifel Nicolaus boosted their price target on shares of Extra Space Storage from $94.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $104.82.
In other Extra Space Storage news, CEO Joseph D. Margolis sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $93.24, for a total value of $233,100.00. Following the completion of the sale, the chief executive officer now directly owns 120,300 shares of the company’s stock, valued at $11,216,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO P Scott Stubbs sold 8,085 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $105.58, for a total transaction of $853,614.30. Following the completion of the sale, the chief financial officer now directly owns 152,873 shares of the company’s stock, valued at $16,140,331.34. The disclosure for this sale can be found here. Insiders sold 17,776 shares of company stock valued at $1,826,976 over the last three months. 2.64% of the stock is currently owned by insiders.
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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