Pennsylvania Trust Co purchased a new stake in Extra Space Storage, Inc. (NYSE:EXR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,621 shares of the real estate investment trust’s stock, valued at approximately $461,000.
Several other hedge funds also recently bought and sold shares of the company. Utah Retirement Systems grew its position in shares of Extra Space Storage by 0.4% in the fourth quarter. Utah Retirement Systems now owns 26,776 shares of the real estate investment trust’s stock valued at $2,423,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Extra Space Storage by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the real estate investment trust’s stock worth $683,000 after acquiring an additional 100 shares during the period. Rehmann Capital Advisory Group grew its position in Extra Space Storage by 22.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 566 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 104 shares during the period. Stifel Financial Corp grew its position in Extra Space Storage by 1.0% in the fourth quarter. Stifel Financial Corp now owns 15,356 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 152 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its position in Extra Space Storage by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,029 shares of the real estate investment trust’s stock worth $1,722,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 98.79% of the company’s stock.
In other news, Director Spencer Kirk sold 45,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $93.12, for a total transaction of $4,190,400.00. Following the completion of the transaction, the director now directly owns 630,029 shares in the company, valued at $58,668,300.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James Overturf sold 880 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $100.84, for a total value of $88,739.20. Following the transaction, the executive vice president now owns 69,609 shares of the company’s stock, valued at $7,019,371.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,694 shares of company stock valued at $12,525,301. Company insiders own 3.52% of the company’s stock.
Shares of Extra Space Storage stock opened at $100.70 on Monday. The company has a market capitalization of $12.82 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 4.32 and a beta of 0.30. Extra Space Storage, Inc. has a fifty-two week low of $83.70 and a fifty-two week high of $102.78. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.73.
Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.02. The company had revenue of $266.60 million during the quarter, compared to analyst estimates of $265.39 million. Extra Space Storage had a return on equity of 16.40% and a net margin of 37.36%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. Equities research analysts predict that Extra Space Storage, Inc. will post 4.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 3.42%. Extra Space Storage’s dividend payout ratio is currently 73.66%.
Extra Space Storage Company 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, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space.
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