Honeywell International Inc. Sells 10,015 Shares of Extra Space Storage, Inc. (NYSE:EXR)

Honeywell International Inc. reduced its holdings in Extra Space Storage, Inc. (NYSE:EXR) by 21.7% in the 2nd quarter, Holdings Channel reports. The fund owned 36,108 shares of the real estate investment trust’s stock after selling 10,015 shares during the quarter. Extra Space Storage accounts for 1.5% of Honeywell International Inc.’s portfolio, making the stock its 19th biggest position. Honeywell International Inc.’s holdings in Extra Space Storage were worth $3,831,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Extra Space Storage by 2,577.8% in the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 232 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of Extra Space Storage in the second quarter worth about $169,000. Exane Derivatives increased its holdings in shares of Extra Space Storage by 3,831.0% in the first quarter. Exane Derivatives now owns 1,651 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 1,609 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Extra Space Storage in the first quarter worth about $173,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Extra Space Storage by 54.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 99.68% of the company’s stock.

NYSE:EXR opened at $114.81 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.47 and a current ratio of 0.48. The company has a market capitalization of $14.32 billion, a P/E ratio of 24.58, a PEG ratio of 5.27 and a beta of 0.22. Extra Space Storage, Inc. has a 52-week low of $83.70 and a 52-week high of $115.40. The stock’s 50-day moving average price is $109.17.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The business had revenue of $271.00 million during the quarter, compared to the consensus estimate of $266.01 million. Extra Space Storage had a return on equity of 16.71% and a net margin of 37.12%. Extra Space Storage’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. On average, research analysts anticipate that Extra Space Storage, Inc. will post 4.84 EPS for the current year.

A number of research firms recently issued reports on EXR. BMO Capital Markets reiterated a “hold” rating and set a $94.00 price objective on shares of Extra Space Storage in a report on Wednesday, May 1st. Zacks Investment Research upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $97.65.

In related news, COO Samrat Sondhi sold 4,480 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.99, for a total transaction of $479,315.20. Following the completion of the transaction, the chief operating officer now directly owns 76,879 shares in the company, valued at $8,225,284.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP P Scott Stubbs sold 8,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.92, for a total value of $855,360.00. Following the transaction, the vice president now owns 153,012 shares of the company’s stock, valued at $16,360,043.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,805 shares of company stock valued at $2,438,849. 3.29% of the stock is owned by corporate 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, 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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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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