Bokf Na trimmed its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,973 shares of the real estate investment trust’s stock after selling 677 shares during the period. Bokf Na’s holdings in Extra Space Storage were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its position in shares of Extra Space Storage by 22.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 566 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 104 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Extra Space Storage in the third quarter valued at approximately $125,000. Meeder Asset Management Inc. acquired a new stake in shares of Extra Space Storage in the third quarter valued at approximately $137,000. ING Groep NV acquired a new stake in shares of Extra Space Storage in the third quarter valued at approximately $208,000. Finally, Exane Asset Management acquired a new position in Extra Space Storage during the third quarter valued at approximately $258,000. Institutional investors own 98.55% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $97.67.
In other Extra Space Storage news, CFO P Scott Stubbs sold 15,600 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $98.58, for a total transaction of $1,537,848.00. Following the sale, the chief financial officer now owns 160,612 shares of the company’s stock, valued at $15,833,130.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Spencer Kirk sold 45,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $93.12, for a total transaction of $4,190,400.00. Following the sale, the director now directly owns 630,029 shares in the company, valued at approximately $58,668,300.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,701 shares of company stock worth $11,621,774. Insiders own 3.52% of the company’s stock.
Shares of EXR opened at $100.05 on Friday. Extra Space Storage, Inc. has a one year low of $82.80 and a one year high of $101.96. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 4.54 and a beta of 0.29. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.72 and a quick ratio of 0.72.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $1.22 EPS for the quarter, beating the consensus estimate of $1.20 by $0.02. Extra Space Storage had a net margin of 37.36% and a return on equity of 16.40%. The business had revenue of $266.60 million during the quarter, compared to the consensus estimate of $265.39 million. During the same period in the previous year, the business earned $1.17 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Extra Space Storage, Inc. will post 4.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.44%. Extra Space Storage’s payout ratio is presently 73.66%.
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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, 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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