Extra Space Storage (EXR) Shares Sold by ING Groep NV

ING Groep NV decreased its holdings in Extra Space Storage (NYSE:EXR) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,878 shares of the real estate investment trust’s stock after selling 1,194 shares during the quarter. ING Groep NV’s holdings in Extra Space Storage were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in EXR. Schwab Charles Investment Management Inc. lifted its stake in Extra Space Storage by 6.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,427,080 shares of the real estate investment trust’s stock worth $124,799,000 after acquiring an additional 88,690 shares during the period. Fox Run Management L.L.C. purchased a new stake in Extra Space Storage in the fourth quarter worth $250,000. State of Alaska Department of Revenue lifted its stake in Extra Space Storage by 10.4% in the fourth quarter. State of Alaska Department of Revenue now owns 66,911 shares of the real estate investment trust’s stock worth $5,848,000 after acquiring an additional 6,300 shares during the period. APG Asset Management US Inc. lifted its stake in Extra Space Storage by 3.7% in the fourth 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. Finally, Strs Ohio lifted its stake in Extra Space Storage by 3.0% in the fourth quarter. Strs Ohio now owns 171,477 shares of the real estate investment trust’s stock worth $14,995,000 after acquiring an additional 4,930 shares during the period.

Shares of Extra Space Storage stock opened at $91.98 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.66. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.87 and a beta of 0.19. Extra Space Storage has a 12 month low of $73.70 and a 12 month high of $95.96.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.55. The firm had revenue of $281.84 million during the quarter, compared to analyst estimates of $283.74 million. Extra Space Storage had a return on equity of 18.85% and a net margin of 44.28%. sell-side analysts anticipate that Extra Space Storage will post 4.62 EPS for the current year.

Several equities analysts have commented on EXR shares. Bank of America raised Extra Space Storage from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, May 8th. Zacks Investment Research lowered Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. BMO Capital Markets set a $84.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, May 1st. ValuEngine raised Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Finally, Cantor Fitzgerald set a $86.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research report on Thursday, March 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $88.83.

In other news, Director Diane Olmstead sold 1,436 shares of Extra Space Storage stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.04, for a total value of $124,989.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO James Overturf sold 4,100 shares of Extra Space Storage stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $93.56, for a total value of $383,596.00. Following the completion of the transaction, the chief marketing officer now directly owns 80,737 shares of the company’s stock, valued at approximately $7,553,753.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,863 shares of company stock valued at $7,770,515. 3.52% of the stock is owned by insiders.

About Extra Space Storage

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, 2017, the Company owned and/or operated 1,483 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,020,000 units and approximately 112 million square feet of rentable space.

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

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