Atria Investments LLC lifted its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 394.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Suntrust Banks Inc. grew its stake in shares of Extra Space Storage by 1.4% during the 2nd quarter. Suntrust Banks Inc. now owns 3,300 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 45 shares during the period. Phocas Financial Corp. grew its stake in shares of Extra Space Storage by 2.7% during the 2nd quarter. Phocas Financial Corp. now owns 6,985 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 186 shares during the period. WFG Advisors LP grew its stake in shares of Extra Space Storage by 5.3% during the 2nd quarter. WFG Advisors LP now owns 4,483 shares of the real estate investment trust’s stock valued at $350,000 after acquiring an additional 226 shares during the period. 1st Global Advisors Inc. grew its stake in shares of Extra Space Storage by 3.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 8,203 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 263 shares during the period. Finally, Advisor Group Inc. grew its stake in shares of Extra Space Storage by 5.2% during the 2nd quarter. Advisor Group Inc. now owns 5,338 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 266 shares during the period.

A number of research analysts recently issued reports on the company. Jefferies Group set a $90.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, November 28th. Wells Fargo & Co set a $93.00 price objective on Extra Space Storage and gave the company a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Robert W. Baird reiterated a “buy” rating and set a $92.00 price objective on shares of Extra Space Storage in a research note on Wednesday, November 29th. Finally, Cantor Fitzgerald boosted their price objective on Extra Space Storage from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $86.42.

In other news, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $86.55, for a total transaction of $112,515.00. Following the sale, the executive vice president now directly owns 82,375 shares of the company’s stock, valued at approximately $7,129,556.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Grace Kunde sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $87.65, for a total value of $30,677.50. Following the sale, the senior vice president now directly owns 11,209 shares in the company, valued at $982,468.85. The disclosure for this sale can be found here. Insiders have sold a total of 43,830 shares of company stock worth $3,660,665 over the last ninety days. Insiders own 3.72% of the company’s stock.

Extra Space Storage, Inc. (NYSE EXR) opened at $83.64 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.68. Extra Space Storage, Inc. has a twelve month low of $71.34 and a twelve month high of $88.56. The company has a market capitalization of $10,540.00, a P/E ratio of 30.75, a P/E/G ratio of 3.13 and a beta of 0.39.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 EPS 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 company had revenue of $284.16 million for the quarter, compared to analysts’ expectations of $246.85 million. During the same period in the previous year, the firm earned $1.02 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. analysts anticipate that Extra Space Storage, Inc. will post 4.35 earnings per share for the current year.

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

Extra Space Storage announced that its Board of Directors has initiated a stock buyback program on Monday, November 13th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://theolympiareport.com/2018/01/20/atria-investments-llc-buys-11965-shares-of-extra-space-storage-inc-exr.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.