Dupont Capital Management Corp boosted its position in shares of Extra Space Storage, Inc. (NYSE:EXR) by 11.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,493 shares of the real estate investment trust’s stock after purchasing an additional 9,645 shares during the period. Dupont Capital Management Corp owned approximately 0.08% of Extra Space Storage worth $8,447,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its stake in Extra Space Storage by 1.6% during the second quarter. BlackRock Inc. now owns 12,751,604 shares of the real estate investment trust’s stock worth $1,272,738,000 after purchasing an additional 200,476 shares during the period. Cbre Clarion Securities LLC raised its stake in Extra Space Storage by 20.6% during the second quarter. Cbre Clarion Securities LLC now owns 4,585,475 shares of the real estate investment trust’s stock worth $457,676,000 after purchasing an additional 781,758 shares during the period. Principal Financial Group Inc. raised its stake in Extra Space Storage by 2.4% during the first quarter. Principal Financial Group Inc. now owns 2,847,149 shares of the real estate investment trust’s stock worth $248,727,000 after purchasing an additional 66,223 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Extra Space Storage by 17.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,409,972 shares of the real estate investment trust’s stock worth $208,799,000 after purchasing an additional 350,276 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Extra Space Storage by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,936,374 shares of the real estate investment trust’s stock worth $193,271,000 after purchasing an additional 21,389 shares during the period.
Shares of EXR opened at $90.28 on Friday. Extra Space Storage, Inc. has a 1-year low of $77.53 and a 1-year high of $101.96. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 3.49 and a beta of 0.07. The company has a quick ratio of 0.64, a current ratio of 0.53 and a debt-to-equity ratio of 1.72.
Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.17). Extra Space Storage had a net margin of 47.29% and a return on equity of 20.11%. The company had revenue of $266.70 million for the quarter, compared to analyst estimates of $266.81 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. Extra Space Storage’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Extra Space Storage, Inc. will post 4.64 earnings per share for the current fiscal year.
A number of equities analysts have commented on EXR shares. ValuEngine downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Citigroup reduced their target price on shares of Extra Space Storage from $103.00 to $92.00 and set a “hold” rating on the stock in a research note on Friday, October 5th. Robert W. Baird downgraded shares of Extra Space Storage from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, July 18th. Goldman Sachs Group downgraded shares of Extra Space Storage from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Finally, BMO Capital Markets set a $93.00 target price on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $95.27.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of Extra Space Storage stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $87.19, for a total transaction of $76,727.20. Following the completion of the sale, the executive vice president now directly owns 72,977 shares in the company, valued at $6,362,864.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 2,640 shares of company stock valued at $235,849. Company insiders own 3.52% of the company’s stock.
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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 June 30, 2018, the Company owned and/or operated 1,568 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1,090,000 units and approximately 119 million square feet of rentable space.
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