Honeywell International Inc. grew its holdings in shares of Extra Space Storage Inc (NYSE:EXR) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,683 shares of the real estate investment trust’s stock after buying an additional 8,403 shares during the quarter. Honeywell International Inc.’s holdings in Extra Space Storage were worth $3,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EXR. Korea Investment CORP raised its position in Extra Space Storage by 182.7% in the 3rd quarter. Korea Investment CORP now owns 54,156 shares of the real estate investment trust’s stock worth $4,328,000 after purchasing an additional 35,000 shares during the period. Aperio Group LLC raised its position in Extra Space Storage by 7.6% in the 3rd quarter. Aperio Group LLC now owns 43,447 shares of the real estate investment trust’s stock worth $3,472,000 after purchasing an additional 3,065 shares during the period. First Trust Advisors LP raised its position in Extra Space Storage by 2.9% in the 3rd quarter. First Trust Advisors LP now owns 39,448 shares of the real estate investment trust’s stock worth $3,153,000 after purchasing an additional 1,095 shares during the period. Nationwide Fund Advisors raised its position in Extra Space Storage by 160.7% in the 3rd quarter. Nationwide Fund Advisors now owns 108,351 shares of the real estate investment trust’s stock worth $8,659,000 after purchasing an additional 66,791 shares during the period. Finally, APG Asset Management N.V. raised its position in Extra Space Storage by 2,889.7% in the 3rd quarter. APG Asset Management N.V. now owns 1,035,556 shares of the real estate investment trust’s stock worth $82,762,000 after purchasing an additional 1,000,919 shares during the period.

Shares of Extra Space Storage Inc (EXR) traded down 0.64% during midday trading on Tuesday, reaching $80.57. 134,853 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $80.04 and its 200 day moving average price is $77.78. The stock has a market capitalization of $10.15 billion, a P/E ratio of 27.54 and a beta of 0.36. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $83.23.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The company had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts predict that Extra Space Storage Inc will post $2.76 earnings per share for the current fiscal year.

A number of analysts recently weighed in on EXR shares. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a research report on Tuesday, October 24th. BidaskClub raised shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Cantor Fitzgerald reissued a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research report on Sunday, August 20th. Evercore ISI reissued an “in-line” rating and issued a $80.00 price objective (up from $78.00) on shares of Extra Space Storage in a research report on Thursday, September 14th. Finally, BMO Capital Markets initiated coverage on shares of Extra Space Storage in a research note on Monday, September 11th. They issued a “market perform” rating and a $78.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $82.56.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $78.12, for a total transaction of $1,562,400.00. Following the completion of the transaction, the director now owns 665,748 shares in the company, valued at approximately $52,008,233.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $81.80, for a total transaction of $106,340.00. Following the transaction, the executive vice president now owns 83,675 shares of the company’s stock, valued at approximately $6,844,615. The disclosure for this sale can be found here. Insiders have sold a total of 43,900 shares of company stock valued at $3,461,727 in the last quarter. 3.72% of the stock is currently owned by company insiders.

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

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