Macquarie Group Ltd. Has $3.27 Million Holdings in Extra Space Storage Inc (EXR)

Macquarie Group Ltd. cut its holdings in Extra Space Storage Inc (NYSE:EXR) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,975 shares of the real estate investment trust’s stock after selling 5,525 shares during the period. Macquarie Group Ltd.’s holdings in Extra Space Storage were worth $3,274,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EXR. Cbre Clarion Securities LLC acquired a new stake in Extra Space Storage in the second quarter valued at $304,239,000. Capital Research Global Investors raised its stake in Extra Space Storage by 56.2% in the second quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock valued at $402,582,000 after buying an additional 1,857,594 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Extra Space Storage by 161.6% in the second quarter. JPMorgan Chase & Co. now owns 1,319,479 shares of the real estate investment trust’s stock valued at $102,921,000 after buying an additional 815,051 shares in the last quarter. BlackRock Inc. raised its stake in Extra Space Storage by 3.0% in the second quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after buying an additional 348,554 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Extra Space Storage by 112.6% in the second quarter. American Century Companies Inc. now owns 632,684 shares of the real estate investment trust’s stock valued at $49,349,000 after buying an additional 335,139 shares in the last quarter.

Extra Space Storage Inc (NYSE:EXR) opened at 81.77 on Friday. The firm has a market cap of $10.30 billion, a PE ratio of 27.95 and a beta of 0.36. The company has a 50-day moving average price of $79.93 and a 200 day moving average price of $77.66. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $83.23.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $276.00 million for the quarter, compared to analyst estimates of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. Equities research analysts anticipate that Extra Space Storage Inc will post $2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.12 annualized dividend and a yield of 3.82%. Extra Space Storage’s dividend payout ratio (DPR) is 107.22%.

EXR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 11th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $82.00 price target on shares of Extra Space Storage in a research note on Friday, August 25th. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a research note on Friday, September 1st. Finally, Evercore ISI restated an “in-line” rating and issued a $80.00 price target (up from $78.00) on shares of Extra Space Storage in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.56.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/21/macquarie-group-ltd-has-3-27-million-holdings-in-extra-space-storage-inc-exr.html.

In related news, EVP James Overturf sold 1,300 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $78.49, for a total transaction of $102,037.00. Following the sale, the executive vice president now owns 84,975 shares in the company, valued at $6,669,687.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the sale,

A number of other institutional investors have also bought and sold shares of EXR. Cbre Clarion Securities LLC acquired a new stake in Extra Space Storage in the second quarter valued at $304,239,000. Capital Research Global Investors raised its stake in Extra Space Storage by 56.2% in the second quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock valued at $402,582,000 after buying an additional 1,857,594 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Extra Space Storage by 161.6% in the second quarter. JPMorgan Chase & Co. now owns 1,319,479 shares of the real estate investment trust’s stock valued at $102,921,000 after buying an additional 815,051 shares in the last quarter. BlackRock Inc. raised its stake in Extra Space Storage by 3.0% in the second quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after buying an additional 348,554 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Extra Space Storage by 112.6% in the second quarter. American Century Companies Inc. now owns 632,684 shares of the real estate investment trust’s stock valued at $49,349,000 after buying an additional 335,139 shares in the last quarter.

Extra Space Storage Inc (NYSE:EXR) opened at 81.77 on Friday. The firm has a market cap of $10.30 billion, a PE ratio of 27.95 and a beta of 0.36. The company has a 50-day moving average price of $79.93 and a 200 day moving average price of $77.66. Extra Space Storage Inc has a 12 month low of $68.09 and a 12 month high of $83.23.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $276.00 million for the quarter, compared to analyst estimates of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. Extra Space Storage’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. Equities research analysts anticipate that Extra Space Storage Inc will post $2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.12 annualized dividend and a yield of 3.82%. Extra Space Storage’s dividend payout ratio (DPR) is 107.22%.

EXR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 11th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $82.00 price target on shares of Extra Space Storage in a research note on Friday, August 25th. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 price target on shares of Extra Space Storage in a research note on Friday, September 1st. Finally, Evercore ISI restated an “in-line” rating and issued a $80.00 price target (up from $78.00) on shares of Extra Space Storage in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.56.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/21/macquarie-group-ltd-has-3-27-million-holdings-in-extra-space-storage-inc-exr.html.

In related news, EVP James Overturf sold 1,300 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $78.49, for a total transaction of $102,037.00. Following the sale, the executive vice president now owns 84,975 shares in the company, valued at $6,669,687.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Spencer Kirk sold 20,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the sale, the director now owns 665,748 shares in the company, valued at approximately $52,654,009.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,900 shares of company stock worth $5,043,527. 3.72% of the stock is owned by company insiders.

Extra Space Storage Company Profile

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.

Leave a Reply