Two Sigma Securities LLC bought a new position in shares of Extra Space Storage Inc (NYSE:EXR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,682 shares of the real estate investment trust’s stock, valued at approximately $274,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXR. Janney Montgomery Scott LLC purchased a new position in Extra Space Storage during the first quarter worth approximately $204,000. Pacer Advisors Inc. raised its stake in Extra Space Storage by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 88 shares during the last quarter. Global X Management Co. LLC raised its stake in Extra Space Storage by 42.4% in the first quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 842 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Extra Space Storage during the first quarter valued at $218,000. Finally, Cleararc Capital Inc. raised its stake in Extra Space Storage by 0.7% in the first quarter. Cleararc Capital Inc. now owns 3,095 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 22 shares during the last quarter.
Extra Space Storage Inc (EXR) traded down 0.34% during mid-day trading on Wednesday, reaching $78.02. The company’s stock had a trading volume of 416,460 shares. The firm’s 50 day moving average price is $75.47 and its 200 day moving average price is $75.70. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 27.01 and a beta of 0.38. Extra Space Storage Inc has a 12-month low of $68.09 and a 12-month high of $94.49.
Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The firm had revenue of $263 million for the quarter, compared to the consensus estimate of $233.12 million. Extra Space Storage had a return on equity of 14.92% and a net margin of 36.40%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. On average, equities analysts predict that Extra Space Storage Inc will post $2.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 3.99%. Extra Space Storage’s dividend payout ratio is presently 108.33%.
TRADEMARK VIOLATION WARNING: “Two Sigma Securities LLC Buys New Stake in Extra Space Storage Inc (EXR)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/06/21/two-sigma-securities-llc-buys-new-stake-in-extra-space-storage-inc-exr.html.
Several analysts recently weighed in on the company. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald restated a “neutral” rating and set a $76.00 price target on shares of Extra Space Storage in a report on Wednesday, February 22nd. Zacks Investment Research upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Jefferies Group LLC restated a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a report on Monday, April 3rd. Finally, Goldman Sachs Group Inc upgraded Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price target on the stock in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $88.50.
In related news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $74.59, for a total value of $96,967.00. Following the sale, the executive vice president now owns 89,475 shares in the company, valued at approximately $6,673,940.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $75.15, for a total value of $1,503,000.00. Following the completion of the sale, the director now owns 664,430 shares in the company, valued at approximately $49,931,914.50. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $4,822,587 in the last quarter. Company insiders own 3.72% of the company’s stock.
About Extra Space Storage
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
Receive News & Ratings for Extra Space Storage Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage Inc and related companies with MarketBeat.com's FREE daily email newsletter.