Atria Investments LLC grew its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 394.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the real estate investment trust’s stock after acquiring 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 SEC filing.
Several other large investors also recently modified their holdings of EXR. Federated Investors Inc. PA bought a new position in shares of Extra Space Storage during the second quarter valued at $218,000. Amalgamated Bank increased its holdings in shares of Extra Space Storage by 54.9% during the second quarter. Amalgamated Bank now owns 14,261 shares of the real estate investment trust’s stock valued at $1,112,000 after acquiring an additional 5,057 shares in the last quarter. Laurion Capital Management LP bought a new position in shares of Extra Space Storage during the second quarter valued at $741,000. Profund Advisors LLC increased its holdings in shares of Extra Space Storage by 21.9% during the second quarter. Profund Advisors LLC now owns 8,003 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Extra Space Storage by 9.4% during the second quarter. Thrivent Financial For Lutherans now owns 66,100 shares of the real estate investment trust’s stock valued at $5,156,000 after acquiring an additional 5,660 shares in the last quarter.
EXR has been the subject of several analyst reports. BMO Capital Markets restated a “hold” rating and set a $78.00 price target on shares of Extra Space Storage in a report on Thursday, November 2nd. Cantor Fitzgerald restated a “hold” rating and set a $77.00 price target on shares of Extra Space Storage in a report on Wednesday, November 1st. Jefferies Group restated a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a report on Tuesday, October 24th. Morgan Stanley upgraded Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a report on Wednesday, December 13th. Finally, Wells Fargo & Co set a $93.00 price target on Extra Space Storage and gave the company a “buy” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.42.
Extra Space Storage declared that its Board of Directors has initiated a stock repurchase program on Monday, November 13th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $85.24, for a total value of $1,704,800.00. Following the transaction, the director now directly owns 578,748 shares of the company’s stock, valued at $49,332,479.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Overturf sold 880 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $82.88, for a total value of $72,934.40. Following the completion of the transaction, the executive vice president now directly owns 79,935 shares in the company, valued at $6,625,012.80. The disclosure for this sale can be found here. Insiders sold a total of 23,830 shares of company stock valued at $2,033,065 over the last quarter. 3.72% of the stock is owned by corporate insiders.
Extra Space Storage Company 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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