Extra Space Storage (EXR) Holdings Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in Extra Space Storage (NYSE:EXR) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,750 shares of the real estate investment trust’s stock after selling 35,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.17% of Extra Space Storage worth $18,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Extra Space Storage by 2.1% in the fourth quarter. BlackRock Inc. now owns 12,555,071 shares of the real estate investment trust’s stock worth $1,097,941,000 after acquiring an additional 254,959 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Extra Space Storage by 39.2% in the first quarter. Daiwa Securities Group Inc. now owns 3,333,071 shares of the real estate investment trust’s stock worth $291,177,000 after acquiring an additional 938,851 shares during the period. Deutsche Bank AG grew its stake in shares of Extra Space Storage by 2.5% in the fourth quarter. Deutsche Bank AG now owns 2,923,110 shares of the real estate investment trust’s stock worth $255,617,000 after acquiring an additional 71,286 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Extra Space Storage by 59.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,209,113 shares of the real estate investment trust’s stock worth $193,186,000 after acquiring an additional 823,278 shares during the period. Finally, APG Asset Management N.V. grew its stake in shares of Extra Space Storage by 65.4% in the fourth quarter. APG Asset Management N.V. now owns 1,712,948 shares of the real estate investment trust’s stock worth $124,748,000 after acquiring an additional 677,392 shares during the period.

Shares of Extra Space Storage opened at $91.98 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $11.60 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.87 and a beta of 0.19. Extra Space Storage has a 12-month low of $73.70 and a 12-month high of $95.96.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating 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 net margin of 44.28% and a return on equity of 18.85%. equities research analysts anticipate that Extra Space Storage will post 4.62 EPS for the current year.

A number of analysts have recently commented on EXR shares. ValuEngine upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. Zacks Investment Research upgraded shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Tuesday, March 6th. Bank of America upgraded shares of Extra Space Storage from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, May 8th. BMO Capital Markets set a $84.00 price target on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Tuesday, May 1st. Finally, Cantor Fitzgerald set a $83.00 price target on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $88.83.

In related news, Director Diane Olmstead sold 1,436 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.04, for a total transaction of $124,989.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth M. Woolley sold 46,779 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $86.82, for a total transaction of $4,061,352.78. The disclosure for this sale can be found here. Insiders have sold 87,863 shares of company stock valued at $7,770,515 over the last 90 days. 3.52% of the stock is currently owned by company insiders.

Extra Space Storage 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 December 31, 2017, the Company owned and/or operated 1,483 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1,020,000 units and approximately 112 million square feet of rentable space.

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

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