36,301 Extra Space Storage Inc $EXR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Extra Space Storage Inc (NYSE:EXR) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 572,191 shares of the real estate investment trust’s stock after selling 36,301 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Extra Space Storage were worth $75,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EXR. Mirae Asset Global Investments Co. Ltd. bought a new stake in Extra Space Storage in the 3rd quarter worth $7,573,000. Profund Advisors LLC raised its stake in shares of Extra Space Storage by 42.1% during the third quarter. Profund Advisors LLC now owns 3,929 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 1,165 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Extra Space Storage by 1.8% during the third quarter. ProShare Advisors LLC now owns 40,746 shares of the real estate investment trust’s stock valued at $5,359,000 after acquiring an additional 705 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Extra Space Storage by 49.8% during the third quarter. Vise Technologies Inc. now owns 3,460 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of Extra Space Storage by 36.2% during the third quarter. Aprio Wealth Management LLC now owns 2,707 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 719 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.1%

NYSE:EXR opened at $156.07 on Wednesday. The company has a 50-day moving average price of $138.93 and a 200-day moving average price of $142.49. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 4.56 and a beta of 1.07. The company has a current ratio of 0.25, a quick ratio of 1.56 and a debt-to-equity ratio of 0.97. Extra Space Storage Inc has a 12 month low of $125.71 and a 12 month high of $158.88.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($0.93). Extra Space Storage had a net margin of 29.90% and a return on equity of 7.36%. The company had revenue of $889.79 million for the quarter, compared to analysts’ expectations of $886.61 million. During the same quarter in the prior year, the firm earned $2.08 EPS. Extra Space Storage’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Extra Space Storage Inc will post 8.46 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s payout ratio is presently 131.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXR shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 target price (up from $152.00) on shares of Extra Space Storage in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target on Extra Space Storage from $157.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Scotiabank increased their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Wells Fargo & Company dropped their price objective on Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Finally, UBS Group cut their price objective on Extra Space Storage from $163.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.38.

About Extra Space Storage

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.