Duff & Phelps Investment Management Co. raised its position in Extra Space Storage Inc. (NYSE:EXR) by 20.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 779,086 shares of the real estate investment trust’s stock after buying an additional 132,313 shares during the period. Duff & Phelps Investment Management Co. owned about 0.62% of Extra Space Storage worth $61,868,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. boosted its position in shares of Extra Space Storage by 34.6% in the second quarter. Cohen & Steers Inc. now owns 7,957,561 shares of the real estate investment trust’s stock worth $736,393,000 after buying an additional 2,044,686 shares during the last quarter. FMR LLC boosted its position in shares of Extra Space Storage by 12.4% in the second quarter. FMR LLC now owns 10,301,036 shares of the real estate investment trust’s stock worth $953,258,000 after buying an additional 1,138,379 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Extra Space Storage by 4.2% in the second quarter. Vanguard Group Inc. now owns 20,556,653 shares of the real estate investment trust’s stock worth $1,902,313,000 after buying an additional 832,794 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Extra Space Storage during the second quarter worth about $46,536,000. Finally, Janus Capital Management LLC boosted its position in shares of Extra Space Storage by 28.2% in the second quarter. Janus Capital Management LLC now owns 1,934,022 shares of the real estate investment trust’s stock worth $178,975,000 after buying an additional 424,981 shares during the last quarter. 98.86% of the stock is owned by institutional investors.

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

Extra Space Storage Inc. (NYSE:EXR) opened at 69.95 on Wednesday. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 30.20 and a beta of 0.46. Extra Space Storage Inc. has a one year low of $68.09 and a one year high of $94.81. The firm has a 50-day moving average price of $73.39 and a 200 day moving average price of $82.78.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Extra Space Storage had a return on equity of 14.98% and a net margin of 30.57%. The firm earned $257.20 million during the quarter, compared to analyst estimates of $218.17 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue was up 30.2% compared to the same quarter last year. Equities analysts expect that Extra Space Storage Inc. will post $3.80 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday, August 2nd. Raymond James Financial Inc. cut Extra Space Storage from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $95.00 to $106.00 in a report on Friday, August 12th. Jefferies Group lowered their target price on Extra Space Storage from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Extra Space Storage in a report on Friday, August 26th. Finally, KeyCorp lowered their target price on Extra Space Storage from $98.00 to $89.00 and set an “overweight” rating for the company in a report on Monday, September 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.73.

In other news, CEO Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $80.66, for a total value of $1,613,200.00. Following the transaction, the chief executive officer now owns 734,430 shares in the company, valued at $59,239,123.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis J. Letham acquired 2,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was bought at an average price of $71.76 per share, for a total transaction of $143,520.00. Following the acquisition, the director now owns 3,088 shares of the company’s stock, valued at approximately $221,594.88. The disclosure for this purchase can be found here. Company insiders own 4.13% of the company’s stock.

Extra Space Storage Company Profile

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores).

5 Day Chart for NYSE:EXR

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