Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Extra Space Storage Inc. (NYSE:EXR – Get Rating) by 92.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229 shares of the real estate investment trust’s stock after selling 2,965 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Extra Space Storage were worth $40,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in EXR. Zimmer Partners LP grew its position in shares of Extra Space Storage by 1,875.0% during the second quarter. Zimmer Partners LP now owns 987,500 shares of the real estate investment trust’s stock worth $167,994,000 after buying an additional 937,500 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Extra Space Storage by 16.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,637,995 shares of the real estate investment trust’s stock worth $618,895,000 after buying an additional 501,723 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Extra Space Storage by 104.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 779,098 shares of the real estate investment trust’s stock worth $132,540,000 after buying an additional 398,729 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Extra Space Storage by 8.0% during the second quarter. Principal Financial Group Inc. now owns 5,145,316 shares of the real estate investment trust’s stock worth $875,324,000 after buying an additional 381,282 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Extra Space Storage by 79.3% during the second quarter. Goldman Sachs Group Inc. now owns 850,517 shares of the real estate investment trust’s stock worth $144,690,000 after purchasing an additional 376,279 shares during the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Extra Space Storage
In other news, CMO Samrat Sondhi sold 6,290 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $161.88, for a total transaction of $1,018,225.20. Following the completion of the sale, the chief marketing officer now owns 82,653 shares in the company, valued at $13,379,867.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Samrat Sondhi sold 6,290 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $161.88, for a total transaction of $1,018,225.20. Following the transaction, the chief marketing officer now owns 82,653 shares of the company’s stock, valued at $13,379,867.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gwyn Goodson Mcneal sold 1,500 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $164.00, for a total value of $246,000.00. Following the transaction, the executive vice president now directly owns 32,290 shares in the company, valued at approximately $5,295,560. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.
Analyst Upgrades and Downgrades
Extra Space Storage Price Performance
Shares of NYSE EXR opened at $169.11 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 1.80. Extra Space Storage Inc. has a twelve month low of $139.97 and a twelve month high of $222.35. The stock has a 50 day moving average of $155.67 and a two-hundred day moving average of $166.82. The stock has a market cap of $22.65 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.39 and a beta of 0.54.
Extra Space Storage (NYSE:EXR – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.56). Extra Space Storage had a net margin of 45.52% and a return on equity of 22.01%. The firm had revenue of $506.70 million during the quarter, compared to analysts’ expectations of $433.39 million. During the same quarter in the prior year, the firm posted $1.91 EPS. Extra Space Storage’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, research analysts forecast that Extra Space Storage Inc. will post 8.56 earnings per share for the current year.
Extra Space Storage Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Tuesday, March 14th. This is a boost from Extra Space Storage’s previous quarterly dividend of $1.50. Extra Space Storage’s dividend payout ratio is 93.60%.
Extra Space Storage Company Profile
Extra Space Storage, Inc is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores.
Read More
- Get a free copy of the StockNews.com research report on Extra Space Storage (EXR)
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
- Taiwan Semiconductor Manufacturing Expanding in the West
Want to see what other hedge funds are holding EXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extra Space Storage Inc. (NYSE:EXR – Get Rating).
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.
