Green Street Investors LLC Invests $12.36 Million in Extra Space Storage, Inc. (NYSE:EXR)

Green Street Investors LLC purchased a new position in shares of Extra Space Storage, Inc. (NYSE:EXR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 105,800 shares of the real estate investment trust’s stock, valued at approximately $12,360,000. Extra Space Storage comprises approximately 7.3% of Green Street Investors LLC’s holdings, making the stock its 4th biggest position. Green Street Investors LLC owned about 0.08% of Extra Space Storage at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC grew its holdings in shares of Extra Space Storage by 116.7% during the second quarter. FinTrust Capital Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 126 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Extra Space Storage by 103.4% during the second quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 122 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Extra Space Storage by 2,577.8% during the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 232 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new position in shares of Extra Space Storage during the third quarter worth about $34,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Extra Space Storage by 68.5% during the second quarter. CSat Investment Advisory L.P. now owns 406 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 165 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

EXR has been the topic of a number of research reports. Wells Fargo & Co raised their price target on Extra Space Storage from $114.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Citigroup lifted their price objective on Extra Space Storage from $103.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Robert W. Baird set a $121.00 price objective on Extra Space Storage and gave the company a “hold” rating in a report on Wednesday, August 21st. Stifel Nicolaus assumed coverage on Extra Space Storage in a report on Monday, August 19th. They issued a “buy” rating and a $131.00 price objective on the stock. Finally, ValuEngine lowered Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $115.53.

EXR traded down $1.68 during trading on Friday, reaching $106.29. The company’s stock had a trading volume of 726,171 shares, compared to its average volume of 849,026. Extra Space Storage, Inc. has a 52-week low of $86.99 and a 52-week high of $124.46. The company’s fifty day moving average price is $114.34 and its 200-day moving average price is $111.98. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 4.60 and a beta of 0.14. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.48 and a current ratio of 0.54.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.41). Extra Space Storage had a net margin of 34.38% and a return on equity of 15.63%. The business had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $285.72 million. During the same period in the prior year, the firm posted $1.19 EPS. Extra Space Storage’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Extra Space Storage, Inc. will post 4.87 earnings per share for the current year.

In other Extra Space Storage news, CMO James Overturf sold 440 shares of Extra Space Storage stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.78, for a total value of $51,383.20. Following the sale, the chief marketing officer now owns 65,209 shares of the company’s stock, valued at approximately $7,615,107.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Grace Kunde sold 1,738 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $120.45, for a total value of $209,342.10. Following the sale, the senior vice president now directly owns 7,202 shares in the company, valued at approximately $867,480.90. The disclosure for this sale can be found here. Insiders sold a total of 265,524 shares of company stock worth $32,186,880 in the last ninety days. 3.29% of the stock is owned by corporate insiders.

About Extra Space Storage

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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.

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

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