Dana Investment Advisors Inc. Has $1.61 Million Position in Extra Space Storage, Inc. (EXR)

Dana Investment Advisors Inc. decreased its stake in shares of Extra Space Storage, Inc. (NYSE:EXR) by 8.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,824 shares of the real estate investment trust’s stock after selling 1,613 shares during the period. Dana Investment Advisors Inc.’s holdings in Extra Space Storage were worth $1,613,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Extra Space Storage by 0.9% during the third 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 buying an additional 175,852 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Extra Space Storage by 0.9% during the third 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 buying an additional 175,852 shares during the last quarter. BlackRock Inc. boosted its position in shares of Extra Space Storage by 2.1% during the fourth quarter. BlackRock Inc. now owns 13,166,837 shares of the real estate investment trust’s stock valued at $1,191,335,000 after buying an additional 265,480 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Extra Space Storage by 2.3% during the fourth quarter. Cohen & Steers Inc. now owns 8,158,274 shares of the real estate investment trust’s stock valued at $738,161,000 after buying an additional 185,762 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Extra Space Storage by 6.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,728,661 shares of the real estate investment trust’s stock valued at $246,889,000 after buying an additional 165,103 shares during the last quarter. 98.55% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on EXR. Zacks Investment Research cut Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine raised Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $97.67.

EXR stock opened at $99.78 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.72 and a current ratio of 0.72. Extra Space Storage, Inc. has a 1-year low of $82.80 and a 1-year high of $101.96. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 4.54 and a beta of 0.29.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. Extra Space Storage had a return on equity of 16.40% and a net margin of 37.36%. The business had revenue of $266.60 million for the quarter, compared to analysts’ expectations of $265.39 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts predict that Extra Space Storage, Inc. will post 4.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 3.45%. Extra Space Storage’s dividend payout ratio is currently 73.66%.

In other Extra Space Storage news, CFO P Scott Stubbs sold 15,600 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $98.58, for a total value of $1,537,848.00. Following the transaction, the chief financial officer now owns 160,612 shares of the company’s stock, valued at $15,833,130.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James Overturf sold 880 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $99.12, for a total value of $87,225.60. Following the completion of the transaction, the executive vice president now directly owns 68,577 shares in the company, valued at approximately $6,797,352.24. The disclosure for this sale can be found here. In the last three months, insiders sold 126,874 shares of company stock worth $12,139,229. Insiders own 3.52% of the company’s stock.

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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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Institutional Ownership by Quarter for Extra Space Storage (NYSE:EXR)

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