Sumitomo Mitsui Trust Holdings Inc. Boosts Holdings in Extra Space Storage, Inc. (NYSE:EXR)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 13.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 615,773 shares of the real estate investment trust’s stock after purchasing an additional 73,808 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Extra Space Storage were worth $65,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its holdings in Extra Space Storage by 10.3% during the second quarter. Daiwa Securities Group Inc. now owns 3,734,660 shares of the real estate investment trust’s stock valued at $396,247,000 after purchasing an additional 348,072 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in Extra Space Storage by 24.6% during the second quarter. Moody Lynn & Lieberson LLC now owns 118,269 shares of the real estate investment trust’s stock valued at $12,548,000 after purchasing an additional 23,314 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Extra Space Storage by 12.3% during the second quarter. State of Alaska Department of Revenue now owns 69,626 shares of the real estate investment trust’s stock valued at $7,386,000 after purchasing an additional 7,611 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Extra Space Storage by 94.1% during the second quarter. AE Wealth Management LLC now owns 3,910 shares of the real estate investment trust’s stock valued at $415,000 after purchasing an additional 1,896 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Extra Space Storage by 2,577.8% during the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 232 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP James Overturf sold 880 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $111.78, for a total transaction of $98,366.40. Following the completion of the sale, the executive vice president now directly owns 66,969 shares in the company, valued at $7,485,794.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP P Scott Stubbs sold 8,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.92, for a total transaction of $855,360.00. Following the sale, the vice president now owns 153,012 shares of the company’s stock, valued at $16,360,043.04. The disclosure for this sale can be found here. Insiders sold 22,805 shares of company stock valued at $2,438,849 over the last quarter. Company insiders own 3.29% of the company’s stock.

A number of equities research analysts have recently commented on EXR shares. Zacks Investment Research upgraded shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $94.00 target price on shares of Extra Space Storage in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $98.82.

Shares of NYSE EXR traded down $0.07 during mid-day trading on Friday, reaching $118.64. The company’s stock had a trading volume of 1,166,659 shares, compared to its average volume of 674,750. The business has a 50-day simple moving average of $110.27. The firm has a market cap of $15.26 billion, a PE ratio of 25.40, a P/E/G ratio of 5.56 and a beta of 0.22. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 1.78. Extra Space Storage, Inc. has a 1-year low of $83.70 and a 1-year high of $119.19.

Extra Space Storage 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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