Guggenheim Capital LLC Acquires 79,465 Shares of Extra Space Storage, Inc. (EXR)
Guggenheim Capital LLC increased its holdings in shares of Extra Space Storage, Inc. (NYSE:EXR) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 668,259 shares of the real estate investment trust’s stock after buying an additional 79,465 shares during the quarter. Guggenheim Capital LLC’s holdings in Extra Space Storage were worth $58,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of EXR. Fieldpoint Private Securities LLC acquired a new stake in Extra Space Storage during the 3rd quarter worth $103,000. Janney Montgomery Scott LLC acquired a new stake in shares of Extra Space Storage in the 3rd quarter worth $200,000. Conning Inc. acquired a new stake in shares of Extra Space Storage in the 4th quarter worth $202,000. Mackenzie Financial Corp acquired a new stake in shares of Extra Space Storage in the 3rd quarter worth $237,000. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Extra Space Storage in the 3rd quarter worth $245,000.
In other Extra Space Storage news, Director Diane Olmstead sold 1,436 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $87.04, for a total transaction of $124,989.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Overturf sold 880 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $82.88, for a total transaction of $72,934.40. Following the transaction, the executive vice president now owns 79,935 shares of the company’s stock, valued at $6,625,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 53,470 shares of company stock valued at $4,632,976 over the last 90 days. 3.72% of the stock is currently owned by insiders.
Extra Space Storage, Inc. (EXR) opened at $87.91 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.67. The stock has a market cap of $11,035.84, a PE ratio of 20.04, a PEG ratio of 3.33 and a beta of 0.25. Extra Space Storage, Inc. has a twelve month low of $71.34 and a twelve month high of $88.56.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.55. Extra Space Storage had a net margin of 44.67% and a return on equity of 18.87%. The business had revenue of $281.84 million during the quarter, compared to the consensus estimate of $283.74 million. analysts forecast that Extra Space Storage, Inc. will post 4.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, March 14th. This represents a $3.12 annualized dividend and a yield of 3.55%. Extra Space Storage’s dividend payout ratio (DPR) is currently 82.98%.
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Extra Space Storage 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.
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