Extra Space Storage, Inc. (EXR) Stake Boosted by Atria Investments LLC

Atria Investments LLC lifted its stake in Extra Space Storage, Inc. (NYSE:EXR) by 394.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the real estate investment trust’s stock after purchasing an additional 11,965 shares during the quarter. Atria Investments LLC’s holdings in Extra Space Storage were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Extra Space Storage by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust’s stock worth $1,689,976,000 after purchasing an additional 171,897 shares during the last quarter. Capital Research Global Investors raised its position in shares of Extra Space Storage by 56.2% in the 2nd quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock worth $402,582,000 after purchasing an additional 1,857,594 shares during the last quarter. Cbre Clarion Securities LLC purchased a new position in shares of Extra Space Storage in the 2nd quarter worth about $304,239,000. JPMorgan Chase & Co. raised its position in shares of Extra Space Storage by 65.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,178,691 shares of the real estate investment trust’s stock worth $172,290,000 after purchasing an additional 859,212 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Extra Space Storage by 3.9% in the 2nd quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock worth $149,759,000 after purchasing an additional 71,326 shares during the last quarter.

Several research firms have recently issued reports on EXR. Morgan Stanley raised Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a research report on Wednesday, December 13th. Zacks Investment Research lowered Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Wells Fargo & Co set a $93.00 price target on Extra Space Storage and gave the stock a “buy” rating in a research report on Thursday, November 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $92.00 price target on shares of Extra Space Storage in a research report on Wednesday, November 29th. Finally, Jefferies Group set a $90.00 price target on Extra Space Storage and gave the stock a “hold” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.42.

In other Extra Space Storage news, SVP Grace Kunde sold 350 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $87.65, for a total transaction of $30,677.50. Following the completion of the sale, the senior vice president now directly owns 11,209 shares in the company, valued at approximately $982,468.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $81.38, for a total value of $1,627,600.00. Following the sale, the director now owns 665,748 shares of the company’s stock, valued at $54,178,572.24. The disclosure for this sale can be found here. In the last three months, insiders sold 43,830 shares of company stock valued at $3,660,665. 3.72% of the stock is owned by insiders.

Extra Space Storage, Inc. (NYSE EXR) opened at $83.64 on Friday. Extra Space Storage, Inc. has a 52-week low of $71.34 and a 52-week high of $88.56. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $10,540.00, a PE ratio of 30.75, a price-to-earnings-growth ratio of 3.13 and a beta of 0.39.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. Extra Space Storage had a return on equity of 14.41% and a net margin of 33.21%. The business had revenue of $284.16 million during the quarter, compared to analyst estimates of $246.85 million. During the same quarter in the previous year, the firm earned $1.02 EPS. Extra Space Storage’s revenue was up 10.5% on a year-over-year basis. equities analysts forecast that Extra Space Storage, Inc. will post 4.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is 114.71%.

Extra Space Storage announced that its board has initiated a share buyback plan on Monday, November 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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About Extra Space Storage

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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