Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its holdings in shares of Extra Space Storage, Inc. (NYSE:EXR) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,441 shares of the real estate investment trust’s stock after selling 589 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Extra Space Storage were worth $473,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Conning Inc. acquired a new position in Extra Space Storage during the fourth quarter worth $202,000. Cambridge Investment Research Advisors Inc. acquired a new position in Extra Space Storage during the fourth quarter worth $245,000. Fox Run Management L.L.C. acquired a new position in Extra Space Storage during the fourth quarter worth $250,000. Jane Street Group LLC acquired a new position in Extra Space Storage during the fourth quarter worth $257,000. Finally, Everence Capital Management Inc. acquired a new stake in Extra Space Storage in the fourth quarter valued at $259,000.
Shares of NYSE:EXR opened at $93.44 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Extra Space Storage, Inc. has a 52-week low of $71.34 and a 52-week high of $93.54. The firm has a market capitalization of $11.62 billion, a PE ratio of 20.81, a P/E/G ratio of 3.48 and a beta of 0.19.
Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.55. Extra Space Storage had a return on equity of 18.85% and a net margin of 44.28%. The business had revenue of $281.84 million for the quarter, compared to the consensus estimate of $283.74 million. equities analysts anticipate that Extra Space Storage, Inc. will post 4.61 EPS for the current fiscal year.
In other news, EVP James Overturf sold 880 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $81.62, for a total value of $71,825.60. Following the sale, the executive vice president now directly owns 82,577 shares in the company, valued at $6,739,934.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane Olmstead sold 1,436 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.04, for a total value of $124,989.44. The disclosure for this sale can be found here. Insiders sold 75,393 shares of company stock worth $6,594,794 over the last 90 days. Company insiders own 3.52% of the company’s stock.
Several analysts have weighed in on EXR shares. BMO Capital Markets set a $78.00 target price on Extra Space Storage and gave the company a “hold” rating in a report on Tuesday, February 20th. Cantor Fitzgerald set a $83.00 target price on Extra Space Storage and gave the company a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Tuesday, March 6th. Jefferies Group set a $92.00 target price on Extra Space Storage and gave the company a “hold” rating in a report on Tuesday, March 6th. Finally, SunTrust Banks reissued a “hold” rating and issued a $88.00 target price on shares of Extra Space Storage in a report on Friday, April 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.46.
Extra Space Storage Company Profile
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.