Extra Space Storage, Inc. (EXR) Position Decreased by Advisor Group Inc.

Advisor Group Inc. lessened its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,734 shares of the real estate investment trust’s stock after selling 878 shares during the period. Advisor Group Inc.’s holdings in Extra Space Storage were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Extra Space Storage by 2.1% in the 4th quarter. BlackRock Inc. now owns 12,555,071 shares of the real estate investment trust’s stock valued at $1,097,941,000 after purchasing an additional 254,959 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Extra Space Storage by 59.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,209,113 shares of the real estate investment trust’s stock valued at $193,186,000 after purchasing an additional 823,278 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $145,109,000 after purchasing an additional 41,673 shares in the last quarter. APG Asset Management N.V. increased 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 valued at $124,748,000 after purchasing an additional 677,392 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Extra Space Storage by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 1,508,360 shares of the real estate investment trust’s stock worth $131,665,000 after buying an additional 59,298 shares during the last quarter.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, March 6th. Cantor Fitzgerald set a $83.00 price objective on Extra Space Storage and gave the stock a “hold” rating in a report on Wednesday, February 21st. BMO Capital Markets set a $78.00 price objective on Extra Space Storage and gave the stock a “hold” rating in a report on Tuesday, February 20th. Morgan Stanley upgraded Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price objective on the stock in a report on Wednesday, December 13th. Finally, Jefferies Group set a $92.00 price objective on Extra Space Storage and gave the stock a “hold” rating in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Extra Space Storage has an average rating of “Hold” and an average target price of $86.92.

In other news, Director Diane Olmstead sold 1,436 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.04, for a total transaction of $124,989.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $81.62, for a total value of $71,825.60. Following the transaction, the executive vice president now owns 82,577 shares in the company, valued at $6,739,934.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,300 shares of company stock worth $5,388,931. Insiders own 3.72% of the company’s stock.

Shares of Extra Space Storage stock opened at $87.36 on Monday. The company has a market cap of $11,010.68, a PE ratio of 19.95, a P/E/G ratio of 3.31 and a beta of 0.25. Extra Space Storage, Inc. has a 1-year low of $71.34 and a 1-year high of $88.56. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.93 and a current ratio of 0.93.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.55. The business had revenue of $281.84 million for the quarter, compared to analysts’ expectations of $283.74 million. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. analysts expect that Extra Space Storage, Inc. will post 4.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, March 14th. Extra Space Storage’s dividend payout ratio is currently 71.23%.

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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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