Navellier & Associates Inc Takes $423,000 Position in Extra Space Storage Inc (EXR)

Navellier & Associates Inc bought a new stake in shares of Extra Space Storage Inc (NYSE:EXR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,418 shares of the real estate investment trust’s stock, valued at approximately $423,000.

Other large investors also recently modified their holdings of the company. AXA boosted its stake in shares of Extra Space Storage by 17.1% during the 2nd quarter. AXA now owns 303,966 shares of the real estate investment trust’s stock valued at $23,709,000 after buying an additional 44,312 shares during the period. Morgan Stanley boosted its stake in shares of Extra Space Storage by 108.1% during 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 boosted its stake in shares of Extra Space Storage by 6.4% during 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. Credit Suisse AG boosted its stake in shares of Extra Space Storage by 6.9% during 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. Finally, American Century Companies Inc. boosted its stake in shares of Extra Space Storage by 112.6% during the 2nd quarter. American Century Companies Inc. now owns 632,684 shares of the real estate investment trust’s stock valued at $49,349,000 after buying an additional 335,139 shares during the period.

A number of brokerages have issued reports on EXR. Jefferies Group LLC reissued a “hold” rating and set a $80.00 target price on shares of Extra Space Storage in a research note on Tuesday. BidaskClub lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research note on Sunday, August 20th. KeyCorp reaffirmed a “hold” rating on shares of Extra Space Storage in a research note on Wednesday, October 11th. Finally, BMO Capital Markets assumed 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 for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Extra Space Storage presently has a consensus rating of “Hold” and a consensus target price of $82.56.

In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $75.50, for a total transaction of $98,150.00. Following the transaction, the executive vice president now directly owns 86,275 shares in the company, valued at $6,513,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $78.12, for a total transaction of $1,562,400.00. Following the transaction, the director now owns 665,748 shares in the company, valued at $52,008,233.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,900 shares of company stock worth $5,043,527. 3.72% of the stock is owned by company insiders.

Extra Space Storage Inc (EXR) traded up 2.03% on Friday, hitting $80.30. 1,114,876 shares of the stock traded hands. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 27.44 and a beta of 0.36. Extra Space Storage Inc has a 52 week low of $68.09 and a 52 week high of $83.23. The firm’s 50 day moving average is $80.12 and its 200 day moving average is $77.74.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The company had revenue of $276.00 million for the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. Equities analysts anticipate that Extra Space Storage Inc will post $2.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, September 14th. Extra Space Storage’s dividend payout ratio (DPR) is 107.22%.

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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.

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

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