Advisor Partners LLC boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 14.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,603 shares of the real estate investment trust’s stock after buying an additional 449 shares during the period. Advisor Partners LLC’s holdings in Extra Space Storage were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXR. Chevy Chase Trust Holdings Inc. boosted its position in Extra Space Storage by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 108,544 shares of the real estate investment trust’s stock valued at $8,074,000 after buying an additional 3,416 shares during the last quarter. Creative Planning boosted its position in Extra Space Storage by 13.5% in the first quarter. Creative Planning now owns 5,850 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 697 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Extra Space Storage by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 38,185 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 625 shares during the last quarter. Bank of Montreal Can boosted its position in Extra Space Storage by 19.7% in the first quarter. Bank of Montreal Can now owns 86,230 shares of the real estate investment trust’s stock valued at $6,415,000 after buying an additional 14,166 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in Extra Space Storage by 17.9% in the first quarter. DnB Asset Management AS now owns 12,500 shares of the real estate investment trust’s stock valued at $930,000 after buying an additional 1,900 shares during the last quarter.

Shares of Extra Space Storage Inc (NYSE:EXR) opened at 76.31 on Friday. The company has a 50-day moving average price of $77.57 and a 200-day moving average price of $76.43. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $83.88. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 26.08 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $276 million during the quarter, compared to analyst estimates of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. On average, equities analysts expect that Extra Space Storage Inc will post $2.67 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://theolympiareport.com/2017/08/12/extra-space-storage-inc-exr-stake-increased-by-advisor-partners-llc.html.

A number of analysts have issued reports on EXR shares. Goldman Sachs Group, Inc. (The) raised Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price for the company in a report on Monday, May 15th. BidaskClub raised Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a report on Thursday, April 27th. Bank of America Corporation downgraded Extra Space Storage from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $77.00 price objective on shares of Extra Space Storage in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.67.

In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $74.90, for a total transaction of $97,370.00. Following the completion of the transaction, the executive vice president now owns 88,875 shares of the company’s stock, valued at approximately $6,656,737.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.75, for a total transaction of $1,515,000.00. Following the transaction, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $50,430,411. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,900 shares of company stock valued at $4,957,788. 3.72% of the stock is owned by company 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.

Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc (NYSE:EXR).

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

Receive News & Ratings for Extra Space Storage Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.