American Assets Capital Advisers boosted its position in shares of Extra Space Storage Inc (NYSE:EXR) by 63.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,287 shares of the real estate investment trust’s stock after buying an additional 52,005 shares during the period. Extra Space Storage makes up approximately 3.5% of American Assets Capital Advisers’ portfolio, making the stock its 19th largest position. American Assets Capital Advisers owned 0.11% of Extra Space Storage worth $8,319,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EXR. Janney Montgomery Scott LLC purchased a new stake in shares of Extra Space Storage during the first quarter worth about $204,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Extra Space Storage by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,359 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 150 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Extra Space Storage by 1.9% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 181,070 shares of the real estate investment trust’s stock worth $13,470,000 after buying an additional 3,400 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Extra Space Storage by 42.4% in the first quarter. State of Alaska Department of Revenue now owns 40,151 shares of the real estate investment trust’s stock worth $2,986,000 after buying an additional 11,961 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of 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 worth $930,000 after buying an additional 1,900 shares in the last quarter.

Extra Space Storage Inc (NYSE:EXR) opened at 77.75 on Monday. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $85.12. The firm has a market cap of $9.77 billion, a PE ratio of 26.65 and a beta of 0.34. The firm has a 50-day moving average of $77.55 and a 200-day moving average of $76.27.

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, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $276 million during the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. Equities analysts anticipate that Extra Space Storage Inc will post $2.66 EPS for the current year.

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A number of brokerages recently issued reports on EXR. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Extra Space Storage in a report on Thursday, April 27th. Bank of America Corporation cut shares of Extra Space Storage from a “buy” rating to a “neutral” rating and decreased their target price for the company from $83.00 to $81.00 in a research report on Thursday, July 20th. 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 reaffirmed a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a research report on Monday, May 22nd. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Extra Space Storage in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Extra Space Storage presently has an average rating of “Hold” and a consensus target price of $85.67.

In other news, EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total value of $96,967.00. Following the transaction, the executive vice president now directly owns 89,475 shares of the company’s stock, valued at approximately $6,673,940.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.75, for a total value of $1,515,000.00. Following the completion of the transaction, the director now directly owns 665,748 shares in the company, valued at $50,430,411. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $4,957,788 in the last 90 days. 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.

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

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