Mutual of America Capital Management LLC raised its position in shares of Extra Space Storage Inc (NYSE:EXR) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,235 shares of the real estate investment trust’s stock after buying an additional 1,169 shares during the period. Mutual of America Capital Management LLC’s holdings in Extra Space Storage were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $213,000. Achmea Investment Management B.V. acquired a new stake in shares of Extra Space Storage during the first quarter worth approximately $216,000. Federated Investors Inc. PA acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $218,000. Donaldson Capital Management LLC acquired a new stake in shares of Extra Space Storage during the second quarter worth approximately $231,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Extra Space Storage by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,042 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 232 shares in the last quarter.
Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $284.16 million during the quarter, compared to analysts’ expectations of $246.85 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS.
Several research firms have recently weighed in on EXR. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, October 11th. BidaskClub lowered shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. KeyCorp reissued a “hold” rating on shares of Extra Space Storage in a research note on Wednesday, October 11th. Cantor Fitzgerald reissued a “hold” rating and set a $77.00 price target on shares of Extra Space Storage in a research note on Friday, September 1st. Finally, Bank of America Corporation cut shares of Extra Space Storage from a “buy” rating to a “neutral” rating and decreased their price target for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Extra Space Storage has an average rating of “Hold” and an average price target of $82.56.
In related news, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $79.64, for a total transaction of $1,592,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total transaction of $98,150.00. Following the transaction, the executive vice president now owns 86,275 shares of the company’s stock, valued at $6,513,762.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,900 shares of company stock valued at $3,461,727. 3.72% of the stock is owned by corporate insiders.
Extra Space Storage 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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