Ffcm LLC raised its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 27.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,392 shares of the real estate investment trust’s stock after purchasing an additional 3,072 shares during the period. Ffcm LLC’s holdings in Extra Space Storage were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Swiss National Bank grew its stake in Extra Space Storage by 0.4% in the 4th quarter. Swiss National Bank now owns 520,600 shares of the real estate investment trust’s stock valued at $45,526,000 after purchasing an additional 2,100 shares during the period. California Public Employees Retirement System grew its stake in Extra Space Storage by 46.0% in the 4th quarter. California Public Employees Retirement System now owns 410,079 shares of the real estate investment trust’s stock valued at $35,861,000 after purchasing an additional 129,209 shares during the period. Teacher Retirement System of Texas bought a new position in Extra Space Storage in the 4th quarter valued at $3,010,000. ING Groep NV grew its stake in Extra Space Storage by 57.8% in the 4th quarter. ING Groep NV now owns 7,072 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 2,591 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Extra Space Storage by 2.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 37,835 shares of the real estate investment trust’s stock valued at $3,249,000 after purchasing an additional 900 shares during the period.

In other news, EVP James Overturf sold 1,300 shares of the company’s stock in a transaction 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 transaction, the executive vice president now 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 link. Also, Director Spencer Kirk sold 20,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were 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 in the company, valued at approximately $49,332,479.52. The disclosure for this sale can be found here. Insiders have sold a total of 23,830 shares of company stock worth $2,033,065 in the last ninety days. Insiders own 3.72% of the company’s stock.

Extra Space Storage, Inc. (NYSE:EXR) opened at $80.39 on Monday. Extra Space Storage, Inc. has a 1 year low of $71.34 and a 1 year high of $88.56. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $10,129.77, a price-to-earnings ratio of 18.78, a PEG ratio of 3.31 and a beta of 0.26.

Extra Space Storage declared that its Board of Directors has approved a share repurchase plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have issued reports on EXR shares. BMO Capital Markets restated a “hold” rating and issued a $78.00 price objective on shares of Extra Space Storage in a research note on Thursday, November 2nd. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research note on Wednesday, November 1st. Jefferies Group restated a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a research note 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 objective for the company in a research note on Wednesday, December 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.42.

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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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