AMP Capital Investors Ltd Increases Stake in Extra Space Storage, Inc. (EXR)

AMP Capital Investors Ltd grew its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,499 shares of the real estate investment trust’s stock after buying an additional 4,191 shares during the quarter. AMP Capital Investors Ltd’s holdings in Extra Space Storage were worth $12,016,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXR. Piedmont Investment Advisors LLC bought a new stake in Extra Space Storage in the second quarter worth about $143,000. Aperio Group LLC lifted its stake in Extra Space Storage by 4.3% in the second quarter. Aperio Group LLC now owns 47,797 shares of the real estate investment trust’s stock worth $4,771,000 after purchasing an additional 1,983 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Extra Space Storage by 13.5% in the second quarter. Commonwealth Equity Services LLC now owns 4,756 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 564 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Extra Space Storage by 9.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 474,371 shares of the real estate investment trust’s stock worth $47,347,000 after purchasing an additional 40,368 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Extra Space Storage by 7,612.5% during the second quarter. Assetmark Inc. now owns 1,234 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 1,218 shares in the last quarter.

Several research firms have recently weighed in on EXR. ValuEngine raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. SunTrust Banks reaffirmed a “hold” rating and set a $93.00 price target on shares of Extra Space Storage in a research note on Wednesday, August 8th. Finally, Citigroup decreased their price target on shares of Extra Space Storage from $103.00 to $92.00 and set a “hold” rating for the company in a research note on Friday, October 5th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $96.40.

Extra Space Storage stock opened at $97.01 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.72. Extra Space Storage, Inc. has a fifty-two week low of $77.53 and a fifty-two week high of $101.96. The company has a market cap of $12.14 billion, a PE ratio of 22.15, a P/E/G ratio of 3.78 and a beta of 0.12.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.17). Extra Space Storage had a net margin of 47.29% and a return on equity of 20.11%. The company had revenue of $266.70 million for the quarter, compared to the consensus estimate of $266.81 million. During the same period in the prior year, the firm posted $1.13 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Extra Space Storage, Inc. will post 4.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, December 13th. Extra Space Storage’s dividend payout ratio is presently 78.54%.

In related news, EVP James Overturf sold 880 shares of Extra Space Storage stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $86.24, for a total transaction of $75,891.20. Following the transaction, the executive vice president now directly owns 72,097 shares of the company’s stock, valued at $6,217,645.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 2,640 shares of company stock worth $234,256. 3.52% of the stock is currently owned by corporate insiders.

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

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