Nationwide Fund Advisors cut its stake in shares of Extra Space Storage Inc (NYSE:EXR) by 42.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,858 shares of the real estate investment trust’s stock after selling 30,690 shares during the period. Nationwide Fund Advisors’ holdings in Extra Space Storage were worth $3,114,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Extra Space Storage during the fourth quarter valued at $229,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Extra Space Storage during the fourth quarter valued at approximately $315,000. BOKF NA bought a new stake in Extra Space Storage during the third quarter valued at approximately $331,000. First Republic Investment Management Inc. boosted its position in Extra Space Storage by 20.7% in the fourth quarter. First Republic Investment Management Inc. now owns 4,359 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 749 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Extra Space Storage during the fourth quarter valued at about $352,000.
Shares of Extra Space Storage Inc (NYSE:EXR) traded down 0.74% on Monday, hitting $77.92. The stock had a trading volume of 1,102,371 shares. The firm’s 50-day moving average is $75.32 and its 200 day moving average is $75.50. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $94.49. The stock has a market cap of $9.79 billion, a P/E ratio of 26.97 and a beta of 0.38.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. Extra Space Storage had a net margin of 36.40% and a return on equity of 14.92%. The company had revenue of $263 million during the quarter, compared to the consensus estimate of $233.12 million. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts forecast that Extra Space Storage Inc will post $2.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.78 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.00%. Extra Space Storage’s payout ratio is 108.33%.
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Several research firms have issued reports on EXR. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Saturday. Cantor Fitzgerald restated a “neutral” rating and issued a $77.00 price target on shares of Extra Space Storage in a research report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) raised Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price objective on the stock in a research note on Monday, May 15th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Extra Space Storage in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.50.
In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $74.59, for a total transaction of $96,967.00. Following the completion of the transaction, the executive vice president now directly owns 89,475 shares in the company, valued at $6,673,940.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,503,000.00. Following the transaction, the director now owns 664,430 shares of the company’s stock, valued at $49,931,914.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,900 shares of company stock valued at $4,822,587. 3.72% of the stock is owned by company insiders.
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.
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