Extra Space Storage, Inc. (NYSE:EXR) Position Reduced by Oakbrook Investments LLC

Oakbrook Investments LLC trimmed its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,510 shares of the real estate investment trust’s stock after selling 125 shares during the quarter. Oakbrook Investments LLC’s holdings in Extra Space Storage were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Natixis Advisors L.P. boosted its stake in shares of Extra Space Storage by 16.3% during the 4th quarter. Natixis Advisors L.P. now owns 13,184 shares of the real estate investment trust’s stock worth $1,193,000 after acquiring an additional 1,849 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Extra Space Storage by 1.0% during the 4th quarter. Stifel Financial Corp now owns 15,356 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 152 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Extra Space Storage by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 1,950,053 shares of the real estate investment trust’s stock worth $176,181,000 after acquiring an additional 149,614 shares in the last quarter. American International Group Inc. boosted its stake in shares of Extra Space Storage by 0.5% during the 4th quarter. American International Group Inc. now owns 48,672 shares of the real estate investment trust’s stock worth $4,404,000 after acquiring an additional 258 shares in the last quarter. Finally, Mackay Shields LLC boosted its stake in shares of Extra Space Storage by 51.8% during the 4th quarter. Mackay Shields LLC now owns 30,631 shares of the real estate investment trust’s stock worth $2,771,000 after acquiring an additional 10,454 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Evercore ISI lowered shares of Essex Property Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, April 1st. Finally, BMO Capital Markets reissued a “hold” rating and set a $45.00 target price on shares of SAP in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $97.65.

Shares of EXR traded up $1.31 during mid-day trading on Tuesday, hitting $110.00. 317,852 shares of the company were exchanged, compared to its average volume of 670,513. Extra Space Storage, Inc. has a 1-year low of $83.70 and a 1-year high of $112.62. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.80. The firm’s 50 day simple moving average is $108.58. The stock has a market cap of $13.85 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 4.62 and a beta of 0.23.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. Extra Space Storage had a net margin of 37.12% and a return on equity of 16.56%. The firm had revenue of $271.00 million during the quarter, compared to the consensus estimate of $266.01 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Extra Space Storage, Inc. will post 4.82 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, June 13th. This is an increase from Extra Space Storage’s previous quarterly dividend of $0.86. Extra Space Storage’s dividend payout ratio is 77.09%.

In related news, SVP Grace Kunde sold 623 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $106.23, for a total transaction of $66,181.29. Following the completion of the transaction, the senior vice president now owns 8,940 shares in the company, valued at approximately $949,696.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James Overturf sold 880 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $111.78, for a total transaction of $98,366.40. Following the transaction, the executive vice president now owns 66,969 shares of the company’s stock, valued at approximately $7,485,794.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,805 shares of company stock valued at $2,438,849. Insiders own 3.29% of the company’s stock.

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

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