Bank of The West lessened its position in Extra Space Storage, Inc. (NYSE:EXR) by 14.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,462 shares of the real estate investment trust’s stock after selling 431 shares during the period. Bank of The West’s holdings in Extra Space Storage were worth $251,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in EXR. Vanguard Group Inc increased its stake in shares of Extra Space Storage by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 20,515,679 shares of the real estate investment trust’s stock valued at $1,777,479,000 after acquiring an additional 175,852 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage in the 4th quarter valued at about $98,655,000. Great Lakes Advisors LLC bought a new stake in shares of Extra Space Storage in the 3rd quarter valued at about $378,000. Fox Run Management L.L.C. bought a new stake in shares of Extra Space Storage in the 4th quarter valued at about $838,000. Finally, Morgan Stanley increased its stake in shares of Extra Space Storage by 7.0% in the 3rd quarter. Morgan Stanley now owns 526,492 shares of the real estate investment trust’s stock valued at $45,615,000 after acquiring an additional 34,310 shares during the last quarter. 99.68% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE EXR traded down $0.18 during trading hours on Friday, hitting $106.28. The company had a trading volume of 624,293 shares, compared to its average volume of 858,256. The company has a market cap of $13.53 billion, a PE ratio of 22.76, a PEG ratio of 4.44 and a beta of 0.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.73. Extra Space Storage, Inc. has a 1-year low of $83.70 and a 1-year high of $108.07.
A number of analysts have recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $94.00 price target on shares of Extra Space Storage in a research note on Wednesday. Zacks Investment Research upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Evercore ISI lowered Extra Space Storage from an “in-line” rating to an “underperform” rating in a research report on Monday, April 1st. They noted that the move was a valuation call. Raymond James lowered Extra Space Storage from an “outperform” rating to a “market perform” rating and set a $99.27 price objective for the company. in a research report on Thursday, March 21st. Finally, ValuEngine upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.93.
In other Extra Space Storage news, EVP James Overturf sold 880 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $99.12, for a total transaction of $87,225.60. Following the transaction, the executive vice president now owns 68,577 shares in the company, valued at approximately $6,797,352.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Spencer Kirk sold 45,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $93.12, for a total value of $4,190,400.00. Following the transaction, the director now owns 630,029 shares in the company, valued at approximately $58,668,300.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,694 shares of company stock worth $12,525,301. 3.29% of the stock is owned by company insiders.
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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