Korea Investment CORP Boosts Position in Extra Space Storage Inc (EXR)

Korea Investment CORP increased its stake in Extra Space Storage Inc (NYSE:EXR) by 182.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,156 shares of the real estate investment trust’s stock after purchasing an additional 35,000 shares during the quarter. Korea Investment CORP’s holdings in Extra Space Storage were worth $4,328,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Aperio Group LLC raised its holdings in shares of Extra Space Storage by 7.6% in the 3rd quarter. Aperio Group LLC now owns 43,447 shares of the real estate investment trust’s stock worth $3,472,000 after purchasing an additional 3,065 shares during the period. First Trust Advisors LP raised its holdings in shares of Extra Space Storage by 2.9% in the 3rd quarter. First Trust Advisors LP now owns 39,448 shares of the real estate investment trust’s stock worth $3,153,000 after purchasing an additional 1,095 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Extra Space Storage by 160.7% in the 3rd quarter. Nationwide Fund Advisors now owns 108,351 shares of the real estate investment trust’s stock worth $8,659,000 after purchasing an additional 66,791 shares during the period. APG Asset Management N.V. raised its holdings in shares of Extra Space Storage by 2,889.7% in the 3rd quarter. APG Asset Management N.V. now owns 1,035,556 shares of the real estate investment trust’s stock worth $82,762,000 after purchasing an additional 1,000,919 shares during the period. Finally, Oakbrook Investments LLC raised its holdings in shares of Extra Space Storage by 24.0% in the 3rd quarter. Oakbrook Investments LLC now owns 5,684 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 1,100 shares during the period.

Extra Space Storage Inc (EXR) opened at $85.04 on Friday. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $85.92. The firm has a market cap of $10,715.64, a P/E ratio of 19.87, a P/E/G ratio of 3.46 and a beta of 0.38. The company has a quick ratio of 0.57, a current ratio of 0.75 and a debt-to-equity ratio of 1.68.

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 for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The business had revenue of $284.16 million during the quarter, compared to analyst estimates of $246.85 million. During the same period in the previous year, the business earned $1.02 EPS. Extra Space Storage’s revenue was up 10.5% compared to the same quarter last year. equities analysts predict that Extra Space Storage Inc will post 4.33 earnings per share for the current fiscal year.

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In other news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $75.50, for a total transaction of $98,150.00. Following the completion of the transaction, the executive vice president now directly owns 86,275 shares in the company, valued at approximately $6,513,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $5,089,327 over the last quarter. 3.72% of the stock is owned by company insiders.

A number of equities research analysts recently commented on EXR shares. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, October 11th. BidaskClub raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $82.00 price target on shares of Extra Space Storage in a report on Friday, August 25th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price target on shares of Extra Space Storage in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.56.

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

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