IFP Advisors Inc raised its stake in Extra Space Storage Inc (NYSE:EXR) by 71.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,328 shares of the real estate investment trust’s stock after buying an additional 2,217 shares during the period. IFP Advisors Inc’s holdings in Extra Space Storage were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EXR. BlackRock Inc. boosted its position in Extra Space Storage by 2,356.1% in the first quarter. BlackRock Inc. now owns 11,742,847 shares of the real estate investment trust’s stock worth $873,550,000 after buying an additional 11,264,744 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Extra Space Storage by 11.2% in the first quarter. Daiwa Securities Group Inc. now owns 5,327,021 shares of the real estate investment trust’s stock worth $396,278,000 after buying an additional 536,392 shares during the last quarter. Vanguard Group Inc. boosted its position in Extra Space Storage by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,494,458 shares of the real estate investment trust’s stock worth $1,598,973,000 after buying an additional 411,415 shares during the last quarter. American Century Companies Inc. boosted its position in Extra Space Storage by 184.5% in the first quarter. American Century Companies Inc. now owns 297,545 shares of the real estate investment trust’s stock worth $22,134,000 after buying an additional 192,948 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC purchased a new position in Extra Space Storage during the first quarter worth $12,023,000.

Extra Space Storage Inc (NYSE EXR) opened at 76.87 on Tuesday. Extra Space Storage Inc has a 12-month low of $68.09 and a 12-month high of $83.19. The firm has a 50-day moving average of $77.52 and a 200 day moving average of $76.48. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 26.27 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last issued 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 firm had revenue of $276 million for the quarter, compared to analysts’ expectations of $239.89 million. During the same period in the previous year, the business earned $0.94 earnings per share. Extra Space Storage’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Extra Space Storage Inc will post $2.67 EPS for the current year.

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A number of research firms have weighed in on EXR. Royal Bank Of Canada reaffirmed 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 lowered shares of Extra Space Storage from a “buy” rating to a “neutral” rating and dropped their target price for the company from $83.00 to $81.00 in a research report on Thursday, July 20th. BidaskClub upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Cantor Fitzgerald reiterated 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. reiterated a “neutral” rating on shares of Extra Space Storage in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $83.13.

In other Extra Space Storage news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total transaction of $96,967.00. Following the sale, the executive vice president now owns 89,475 shares in the company, valued at approximately $6,673,940.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.75, for a total value of $1,515,000.00. Following the sale, the director now owns 665,748 shares in the company, valued at approximately $50,430,411. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,900 shares of company stock worth $4,957,788. 3.72% of the stock is owned by company insiders.

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.

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

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