Virtu Financial LLC Invests $824,000 in Extra Space Storage, Inc. (EXR)

Virtu Financial LLC purchased a new stake in shares of Extra Space Storage, Inc. (NYSE:EXR) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,085 shares of the real estate investment trust’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PGGM Investments increased its position in shares of Extra Space Storage by 162.1% in the first quarter. PGGM Investments now owns 1,975,934 shares of the real estate investment trust’s stock worth $201,367,000 after purchasing an additional 1,221,934 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of Extra Space Storage by 9.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 19,197 shares of the real estate investment trust’s stock worth $1,957,000 after purchasing an additional 1,589 shares during the last quarter. Deutsche Bank AG increased its position in shares of Extra Space Storage by 6.5% in the fourth quarter. Deutsche Bank AG now owns 2,488,102 shares of the real estate investment trust’s stock worth $225,117,000 after purchasing an additional 152,021 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of Extra Space Storage in the fourth quarter worth approximately $170,000. Finally, Machina Capital S.A.S. bought a new position in shares of Extra Space Storage in the fourth quarter worth approximately $309,000. Hedge funds and other institutional investors own 98.79% of the company’s stock.

In related news, EVP James Overturf sold 880 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $99.12, for a total value of $87,225.60. Following the completion of the sale, the executive vice president now owns 68,577 shares of the company’s stock, valued at $6,797,352.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 2,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $100.05, for a total value of $250,125.00. Following the completion of the sale, the chief executive officer now directly owns 113,732 shares of the company’s stock, valued at approximately $11,378,886.60. The disclosure for this sale can be found here. Insiders sold 130,694 shares of company stock valued at $12,525,301 in the last ninety days. 3.52% of the stock is currently owned by insiders.

Several brokerages have issued reports on EXR. Zacks Investment Research lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Raymond James lowered Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 price objective for the company. in a research note on Thursday, March 21st. Evercore ISI lowered Extra Space Storage from an “in-line” rating to an “underperform” rating in a research note on Monday, April 1st. They noted that the move was a valuation call. Finally, ValuEngine lowered Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $97.83.

NYSE:EXR opened at $99.79 on Thursday. The company has a market cap of $12.74 billion, a PE ratio of 21.37, a P/E/G ratio of 4.36 and a beta of 0.30. Extra Space Storage, Inc. has a fifty-two week low of $83.70 and a fifty-two week high of $102.78. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.73.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. Extra Space Storage had a return on equity of 16.40% and a net margin of 37.36%. The firm had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.39 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that Extra Space Storage, Inc. will post 4.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Thursday, March 14th. Extra Space Storage’s payout ratio is 73.66%.

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Extra Space Storage 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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

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

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