Standard Life Aberdeen plc boosted its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 682,380 shares of the real estate investment trust’s stock after acquiring an additional 2,628 shares during the period. Standard Life Aberdeen plc owned about 0.54% of Extra Space Storage worth $59,125,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Korea Investment CORP raised its position in Extra Space Storage by 10.4% during the second quarter. Korea Investment CORP now owns 75,291 shares of the real estate investment trust’s stock worth $7,515,000 after acquiring an additional 7,100 shares during the period. Soros Fund Management LLC purchased a new stake in shares of Extra Space Storage during the second quarter worth $17,002,000. United Services Automobile Association grew its holdings in shares of Extra Space Storage by 36.0% during the second quarter. United Services Automobile Association now owns 53,613 shares of the real estate investment trust’s stock worth $5,351,000 after buying an additional 14,200 shares in the last quarter. Andra AP fonden grew its holdings in shares of Extra Space Storage by 23.8% during the third quarter. Andra AP fonden now owns 62,500 shares of the real estate investment trust’s stock worth $5,415,000 after buying an additional 12,000 shares in the last quarter. Finally, Prudential Financial Inc. grew 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 worth $99,519,000 after buying an additional 262,690 shares in the last quarter.
Extra Space Storage stock opened at $95.98 on Friday. Extra Space Storage, Inc. has a 52-week low of $77.53 and a 52-week high of $101.96. The firm has a market cap of $11.94 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 3.72 and a beta of 0.07. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.72.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, December 13th. Extra Space Storage’s dividend payout ratio is currently 78.54%.
In related news, EVP James Overturf sold 880 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $86.24, for a total value of $75,891.20. Following the completion of the sale, the executive vice president now owns 72,097 shares of the company’s stock, valued at $6,217,645.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,640 shares of company stock valued at $234,256 in the last three months. 3.52% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on EXR shares. SunTrust Banks reaffirmed a “hold” rating and set a $93.00 target price on shares of Extra Space Storage in a report on Wednesday, August 8th. Citigroup dropped their target price 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. Finally, ValuEngine raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Extra Space Storage presently has an average rating of “Hold” and an average price target of $96.40.
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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 September 30, 2018, the Company owned and/or operated 1,606 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.1 million units and approximately 122 million square feet of rentable space.
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