Extra Space Storage, Inc. (EXR) Holdings Cut by Swiss National Bank

Swiss National Bank cut its position in Extra Space Storage, Inc. (NYSE:EXR) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 480,100 shares of the real estate investment trust’s stock after selling 16,700 shares during the period. Swiss National Bank owned approximately 0.38% of Extra Space Storage worth $41,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EXR. Norinchukin Bank The raised its holdings in shares of Extra Space Storage by 12.6% during the third quarter. Norinchukin Bank The now owns 17,190 shares of the real estate investment trust’s stock valued at $1,489,000 after purchasing an additional 1,924 shares during the last quarter. Redpoint Investment Management Pty Ltd raised its holdings in shares of Extra Space Storage by 11.9% during the third quarter. Redpoint Investment Management Pty Ltd now owns 33,778 shares of the real estate investment trust’s stock valued at $2,927,000 after purchasing an additional 3,602 shares during the last quarter. Wade G W & Inc. raised its holdings in shares of Extra Space Storage by 21.4% during the third quarter. Wade G W & Inc. now owns 82,812 shares of the real estate investment trust’s stock valued at $7,175,000 after purchasing an additional 14,609 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Extra Space Storage by 29.7% during the third quarter. Prudential Financial Inc. now owns 1,148,650 shares of the real estate investment trust’s stock valued at $99,519,000 after purchasing an additional 262,690 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Extra Space Storage during the third quarter valued at approximately $338,000.

In other Extra Space Storage news, EVP James Overturf sold 880 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $87.19, for a total transaction of $76,727.20. Following the completion of the sale, the executive vice president now directly owns 72,977 shares of the company’s stock, valued at $6,362,864.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.52% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on EXR shares. ValuEngine cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Citigroup decreased their price objective on shares of Extra Space Storage from $103.00 to $92.00 and set a “hold” rating for the company in a report on Friday, October 5th. SunTrust Banks reissued a “hold” rating and set a $93.00 price objective on shares of Extra Space Storage in a report on Wednesday, August 8th. Finally, BMO Capital Markets set a $93.00 price objective on shares of Extra Space Storage and gave the company a “hold” rating in a report on Tuesday, July 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $96.40.

Shares of EXR stock opened at $93.09 on Friday. Extra Space Storage, Inc. has a 12 month low of $77.53 and a 12 month high of $101.96. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 3.66 and a beta of 0.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.53 and a quick ratio of 0.53.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.17). Extra Space Storage had a net margin of 47.29% and a return on equity of 20.11%. The business had revenue of $266.70 million for the quarter, compared to analysts’ expectations of $266.81 million. During the same period in the prior year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that Extra Space Storage, Inc. will post 4.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $3.44 dividend on an annualized basis and a yield of 3.70%. Extra Space Storage’s dividend payout ratio is currently 78.54%.

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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 June 30, 2018, the Company owned and/or operated 1,568 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,090,000 units and approximately 119 million square feet of rentable space.

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

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