4,964 Shares in Extra Space Storage, Inc. (EXR) Purchased by Clarus Wealth Advisors

Clarus Wealth Advisors bought a new stake in shares of Extra Space Storage, Inc. (NYSE:EXR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,964 shares of the real estate investment trust’s stock, valued at approximately $434,000.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Extra Space Storage by 65.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,178,691 shares of the real estate investment trust’s stock valued at $172,290,000 after purchasing an additional 859,212 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Extra Space Storage by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,815,712 shares of the real estate investment trust’s stock worth $145,109,000 after acquiring an additional 41,673 shares during the period. APG Asset Management N.V. lifted its stake in shares of Extra Space Storage by 65.4% in the 4th quarter. APG Asset Management N.V. now owns 1,712,948 shares of the real estate investment trust’s stock worth $124,748,000 after acquiring an additional 677,392 shares during the period. PGGM Investments lifted its stake in shares of Extra Space Storage by 2.0% in the 4th quarter. PGGM Investments now owns 1,500,000 shares of the real estate investment trust’s stock worth $131,175,000 after acquiring an additional 29,054 shares during the period. Finally, APG Asset Management US Inc. lifted its stake in shares of Extra Space Storage by 3.7% in the 4th quarter. APG Asset Management US Inc. now owns 1,434,000 shares of the real estate investment trust’s stock worth $125,403,000 after acquiring an additional 51,000 shares during the period.

In other news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $85.24, for a total transaction of $1,704,800.00. Following the sale, the director now owns 578,748 shares in the company, valued at $49,332,479.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $82.88, for a total transaction of $72,934.40. Following the sale, the executive vice president now owns 79,935 shares in the company, valued at approximately $6,625,012.80. The disclosure for this sale can be found here. Insiders sold a total of 22,530 shares of company stock worth $1,920,550 over the last quarter. Insiders own 3.72% of the company’s stock.

Extra Space Storage, Inc. (NYSE EXR) traded down $2.30 during midday trading on Wednesday, hitting $80.28. 403,468 shares of the company were exchanged, compared to its average volume of 1,173,098. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.75 and a quick ratio of 0.75. Extra Space Storage, Inc. has a twelve month low of $71.34 and a twelve month high of $88.56. The company has a market cap of $10,181.43, a P/E ratio of 30.36, a P/E/G ratio of 3.33 and a beta of 0.26.

Extra Space Storage announced that its board has initiated a share buyback plan on Monday, November 13th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have recently weighed in on EXR shares. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Monday, November 27th. Wells Fargo & Co set a $93.00 price target on shares of Extra Space Storage and gave the stock a “buy” rating in a research note on Thursday, November 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $92.00 price target on shares of Extra Space Storage in a research note on Wednesday, November 29th. Morgan Stanley raised shares of Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a research note on Wednesday, December 13th. Finally, Jefferies Group set a $90.00 target price on shares of Extra Space Storage and gave the stock a “hold” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.42.

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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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