First Midwest Bank Trust Division continued to hold its position in Extra Space Storage Inc. (NYSE:EXR) during the third quarter, according to its most recent filing with the SEC. The firm owned 20,438 shares of the real estate investment trust’s stock at the end of the third quarter. First Midwest Bank Trust Division’s holdings in Extra Space Storage were worth $1,623,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Cypress Capital Management LLC WY acquired a new position in Extra Space Storage during the second quarter valued at about $143,000. IFP Advisors Inc boosted its position in Extra Space Storage by 3.1% in the second quarter. IFP Advisors Inc now owns 1,549 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 46 shares during the period. Global X Management Co. LLC boosted its position in Extra Space Storage by 100.0% in the third quarter. Global X Management Co. LLC now owns 1,938 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 969 shares during the period. Mizuho Asset Management Co. Ltd. acquired a new position in Extra Space Storage during the second quarter valued at about $166,000. Finally, Westport Resources Management Inc. boosted its position in Extra Space Storage by 439.2% in the second quarter. Westport Resources Management Inc. now owns 2,119 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 1,726 shares during the period. 98.86% of the stock is currently owned by hedge funds and other institutional investors.
Extra Space Storage Inc. (NYSE:EXR) opened at 70.08 on Monday. Extra Space Storage Inc. has a 1-year low of $68.09 and a 1-year high of $94.81. The stock has a market cap of $8.82 billion, a PE ratio of 30.26 and a beta of 0.46. The stock has a 50 day moving average price of $73.52 and a 200 day moving average price of $83.09.
Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.03. Extra Space Storage had a return on equity of 14.98% and a net margin of 30.57%. The firm had revenue of $257.20 million for the quarter, compared to the consensus estimate of $218.17 million. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, analysts predict that Extra Space Storage Inc. will post $3.80 EPS for the current fiscal year.
EXR has been the topic of several research analyst reports. Jefferies Group reduced their target price on Extra Space Storage from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday, November 22nd. BMO Capital Markets restated a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a research report on Wednesday, November 9th. Cantor Fitzgerald restated a “hold” rating on shares of Extra Space Storage in a research report on Friday, August 26th. Finally, Raymond James Financial Inc. lowered Extra Space Storage from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $95.00 to $106.00 in a research report on Friday, August 12th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $91.73.
In other news, CEO Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $78.26, for a total value of $1,565,200.00. Following the sale, the chief executive officer now directly owns 734,430 shares in the company, valued at $57,476,491.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dennis J. Letham purchased 2,000 shares of Extra Space Storage stock in a transaction dated Friday, October 28th. The stock was acquired at an average price of $71.76 per share, for a total transaction of $143,520.00. Following the completion of the acquisition, the director now owns 3,088 shares of the company’s stock, valued at approximately $221,594.88. The disclosure for this purchase can be found here. 4.13% of the stock is owned by insiders.
Extra Space Storage Company Profile
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores).