Tiverton Asset Management LLC Purchases 8,310 Shares of Extra Space Storage, Inc. (EXR)
Tiverton Asset Management LLC lifted its position in shares of Extra Space Storage, Inc. (NYSE:EXR) by 1,008.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,134 shares of the real estate investment trust’s stock after purchasing an additional 8,310 shares during the period. Tiverton Asset Management LLC’s holdings in Extra Space Storage were worth $912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Extra Space Storage by 7.8% during the first quarter. Russell Investments Group Ltd. now owns 948,477 shares of the real estate investment trust’s stock worth $82,790,000 after purchasing an additional 68,553 shares in the last quarter. Uniplan Investment Counsel Inc. lifted its position in shares of Extra Space Storage by 3.7% during the first quarter. Uniplan Investment Counsel Inc. now owns 213,948 shares of the real estate investment trust’s stock worth $18,468,000 after purchasing an additional 7,659 shares in the last quarter. Gateway Advisory LLC acquired a new position in shares of Extra Space Storage during the second quarter worth $1,239,000. Virtu Financial LLC acquired a new position in shares of Extra Space Storage during the second quarter worth $367,000. Finally, Investec Asset Management PTY Ltd acquired a new position in shares of Extra Space Storage during the first quarter worth $1,319,000.
Shares of NYSE:EXR opened at $91.84 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $11.69 billion, a P/E ratio of 20.97, a P/E/G ratio of 3.86 and a beta of 0.19. Extra Space Storage, Inc. has a 12-month low of $76.36 and a 12-month high of $101.96.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, September 13th. This represents a $3.44 annualized dividend and a yield of 3.75%. Extra Space Storage’s payout ratio is 78.54%.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $94.58, for a total transaction of $83,230.40. Following the completion of the sale, the executive vice president now owns 73,857 shares in the company, valued at $6,985,395.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,640 shares of company stock valued at $253,651. 3.52% of the stock is owned by insiders.
A number of research analysts have recently commented on the stock. SunTrust Banks reissued a “hold” rating and set a $93.00 target price on shares of Extra Space Storage in a research report on Wednesday, August 8th. BMO Capital Markets set a $93.00 price target on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Tuesday, July 31st. ValuEngine lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Robert W. Baird lowered shares of Extra Space Storage from an “outperform” rating to a “neutral” rating and set a $83.00 price target for the company. in a research note on Wednesday, July 18th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $104.00 price target on shares of Extra Space Storage in a research note on Wednesday, July 18th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.92.
Extra Space Storage Company Profile
Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of March 31, 2018, the Company owned and/or operated 1,523 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,050,000 units and approximately 115 million square feet of rentable space.
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