Louisiana State Employees Retirement System Boosts Position in Extra Space Storage Inc (NYSE:EXR)

Louisiana State Employees Retirement System increased its position in shares of Extra Space Storage Inc (NYSE:EXR) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,800 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Extra Space Storage were worth $608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Extra Space Storage by 144.3% in the second quarter. Nisa Investment Advisors LLC now owns 41,475 shares of the real estate investment trust’s stock worth $3,203,000 after buying an additional 24,500 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Extra Space Storage by 5.6% in the second quarter. LS Investment Advisors LLC now owns 6,273 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 330 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Extra Space Storage by 508.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,443 shares of the real estate investment trust’s stock worth $1,595,000 after buying an additional 17,084 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Extra Space Storage by 92.4% in the second quarter. State of Alaska Department of Revenue now owns 77,241 shares of the real estate investment trust’s stock worth $6,023,000 after buying an additional 37,090 shares in the last quarter. Finally, Creative Planning raised its position in shares of Extra Space Storage by 1.1% in the second quarter. Creative Planning now owns 5,912 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 62 shares in the last quarter.

Extra Space Storage Inc (NYSE:EXR) opened at 74.74 on Friday. The stock’s 50 day moving average is $77.25 and its 200-day moving average is $76.51. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $82.82. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 25.54 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The firm had revenue of $276 million for the quarter, compared to analyst estimates of $239.89 million. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Extra Space Storage Inc will post $2.82 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by BNB Daily and is the property of of BNB Daily. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/louisiana-state-employees-retirement-system-raises-stake-in-extra-space-storage-inc-nyseexr-updated.html.

A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Bank of America Corporation cut shares of Extra Space Storage from a “buy” rating to a “neutral” rating and lowered their target price for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) raised shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price on the stock in a research note on Monday, May 15th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Extra Space Storage has an average rating of “Hold” and a consensus price target of $83.13.

In other Extra Space Storage news, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,654,009.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $77.27, for a total transaction of $100,451.00. Following the sale, the executive vice president now directly owns 87,575 shares in the company, valued at $6,766,920.25. The disclosure for this sale can be found here. Insiders have sold a total of 62,600 shares of company stock worth $4,860,821 over the last three months. 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.

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

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.

Latest News

Leave a Reply