Extra Space Storage, Inc. (EXR) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its stake in Extra Space Storage, Inc. (NYSE:EXR) by 83.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,304 shares of the real estate investment trust’s stock after selling 62,987 shares during the quarter. Korea Investment CORP’s holdings in Extra Space Storage were worth $1,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EXR. Janus Henderson Group PLC lifted its holdings in Extra Space Storage by 249.3% in the third quarter. Janus Henderson Group PLC now owns 1,139,069 shares of the real estate investment trust’s stock worth $98,689,000 after purchasing an additional 812,925 shares during the period. Cbre Clarion Securities LLC lifted its holdings in Extra Space Storage by 20.6% in 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. Barings LLC lifted its holdings in Extra Space Storage by 7,994.1% in the third quarter. Barings LLC now owns 639,431 shares of the real estate investment trust’s stock worth $55,400,000 after purchasing an additional 631,531 shares during the period. Unigestion Holding SA lifted its holdings in Extra Space Storage by 4,783.5% in the third quarter. Unigestion Holding SA now owns 358,010 shares of the real estate investment trust’s stock worth $31,018,000 after purchasing an additional 350,679 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Extra Space Storage by 17.0% in 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 acquiring an additional 350,276 shares in the last quarter.

NYSE EXR opened at $98.70 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 3.93 and a beta of 0.13. Extra Space Storage, Inc. has a 1 year low of $77.53 and a 1 year high of $101.96.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.17). The company had revenue of $266.70 million for the quarter, compared to analyst estimates of $266.81 million. Extra Space Storage had a return on equity of 20.11% and a net margin of 47.29%. Extra Space Storage’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, sell-side analysts expect that Extra Space Storage, Inc. will post 4.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, December 13th. This represents a $3.44 annualized dividend and a yield of 3.49%. Extra Space Storage’s payout ratio is presently 78.54%.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Citigroup cut their price objective on Extra Space Storage from $103.00 to $92.00 and set a “hold” rating on the stock in a report on Friday, October 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $96.40.

In other Extra Space Storage news, EVP James Overturf sold 880 shares of the business’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $86.24, for a total transaction of $75,891.20. Following the sale, the executive vice president now owns 72,097 shares in the company, valued at approximately $6,217,645.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 2,640 shares of company stock worth $234,256. Corporate insiders own 3.52% of the company’s stock.

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Extra Space Storage 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 September 30, 2018, the Company owned and/or operated 1,606 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.1 million units and approximately 122 million square feet of rentable space.

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

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