ETRADE Capital Management LLC lowered its stake in Extra Space Storage, Inc. (NYSE:EXR) by 86.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,218 shares of the real estate investment trust’s stock after selling 20,099 shares during the quarter. ETRADE Capital Management LLC’s holdings in Extra Space Storage were worth $281,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Extra Space Storage in the third quarter valued at about $103,000. Conning Inc. acquired a new stake in Extra Space Storage during the 4th quarter valued at approximately $202,000. Janney Montgomery Scott LLC acquired a new stake in Extra Space Storage during the 3rd quarter valued at approximately $200,000. Fox Run Management L.L.C. acquired a new stake in Extra Space Storage during the 4th quarter valued at approximately $250,000. Finally, Mackenzie Financial Corp acquired a new stake in Extra Space Storage during the 3rd quarter valued at approximately $237,000.
A number of brokerages have weighed in on EXR. BMO Capital Markets set a $78.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, February 20th. Wells Fargo & Co set a $93.00 price objective on Extra Space Storage and gave the company a “buy” rating in a research note on Thursday, November 30th. Cantor Fitzgerald set a $86.00 price objective on Extra Space Storage and gave the company a “hold” rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Monday, November 27th. Finally, Robert W. Baird restated a “buy” rating and set a $92.00 price objective on shares of Extra Space Storage in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Extra Space Storage has a consensus rating of “Hold” and a consensus target price of $86.92.
In other news, Director Diane Olmstead sold 1,436 shares of Extra Space Storage stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.04, for a total value of $124,989.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Overturf sold 880 shares of Extra Space Storage stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $81.62, for a total value of $71,825.60. Following the completion of the transaction, the executive vice president now owns 82,577 shares of the company’s stock, valued at approximately $6,739,934.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,470 shares of company stock valued at $4,632,976. Insiders own 3.72% of the company’s stock.
Extra Space Storage, Inc. (EXR) opened at $87.91 on Wednesday. The company has a market capitalization of $11,035.84, a P/E ratio of 20.04, a PEG ratio of 3.33 and a beta of 0.25. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.93 and a quick ratio of 0.93. Extra Space Storage, Inc. has a 12-month low of $71.34 and a 12-month high of $88.56.
Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 EPS for the quarter, topping the consensus estimate of $1.08 by $0.55. The company had revenue of $281.84 million during the quarter, compared to analyst estimates of $283.74 million. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. research analysts expect that Extra Space Storage, Inc. will post 4.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.55%. Extra Space Storage’s payout ratio is 82.98%.
ILLEGAL ACTIVITY WARNING: “ETRADE Capital Management LLC Sells 20,099 Shares of Extra Space Storage, Inc. (EXR)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2018/03/14/etrade-capital-management-llc-sells-20099-shares-of-extra-space-storage-inc-exr.html.
Extra Space Storage 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.
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).
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.