Rampart Investment Management Company LLC raised its position in shares of Extra Space Storage, Inc. (NYSE:EXR) by 256.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,909 shares of the real estate investment trust’s stock after buying an additional 14,323 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Extra Space Storage were worth $1,987,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI bought a new stake in Extra Space Storage during the first quarter worth approximately $263,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Extra Space Storage by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,003 shares of the real estate investment trust’s stock worth $37,915,000 after purchasing an additional 2,476 shares in the last quarter. SG Americas Securities LLC raised its holdings in Extra Space Storage by 48.4% during the first quarter. SG Americas Securities LLC now owns 39,283 shares of the real estate investment trust’s stock worth $3,432,000 after purchasing an additional 12,820 shares in the last quarter. Zeke Capital Advisors LLC raised its holdings in Extra Space Storage by 37.3% during the first quarter. Zeke Capital Advisors LLC now owns 4,612 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in Extra Space Storage during the first quarter worth approximately $2,199,000.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of Extra Space Storage stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $95.72, for a total transaction of $84,233.60. Following the transaction, the executive vice president now directly owns 74,737 shares in the company, valued at approximately $7,153,825.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 2,640 shares of company stock worth $253,651. Corporate insiders own 3.52% of the company’s stock.
NYSE EXR opened at $92.71 on Friday. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.86 and a beta of 0.15. Extra Space Storage, Inc. has a 1 year low of $76.55 and a 1 year high of $101.96. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.76.
Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $1.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.15. Extra Space Storage had a return on equity of 18.93% and a net margin of 44.23%. The company had revenue of $258.13 million for the quarter, compared to analysts’ expectations of $257.14 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. analysts anticipate that Extra Space Storage, Inc. will post 4.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, September 13th. Extra Space Storage’s payout ratio is 78.54%.
EXR has been the topic of several research reports. Zacks Investment Research cut Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Goldman Sachs Group cut Extra Space Storage from a “conviction-buy” rating to a “buy” rating in a report on Thursday, July 12th. Citigroup upped their price target on Extra Space Storage from $87.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, July 12th. Morgan Stanley upped their price target on Extra Space Storage from $83.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, June 14th. Finally, Wells Fargo & Co upped their price target on Extra Space Storage from $99.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, June 18th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Extra Space Storage presently has a consensus rating of “Hold” and an average target price of $94.92.
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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