Extra Space Storage Inc (NYSE:EXR) Position Held by Independent Order of Foresters

Independent Order of Foresters held its stake in shares of Extra Space Storage Inc (NYSE:EXR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,800 shares of the real estate investment trust’s stock at the end of the second quarter. Extra Space Storage accounts for about 3.5% of Independent Order of Foresters’ holdings, making the stock its 6th largest position. Independent Order of Foresters’ holdings in Extra Space Storage were worth $4,196,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Advisor Partners LLC increased its stake in shares of Extra Space Storage by 14.2% in the second quarter. Advisor Partners LLC now owns 3,603 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 449 shares in the last quarter. American Assets Capital Advisers increased its stake in shares of Extra Space Storage by 63.2% in the second quarter. American Assets Capital Advisers now owns 134,287 shares of the real estate investment trust’s stock valued at $8,319,000 after buying an additional 52,005 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Extra Space Storage by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 66,200 shares of the real estate investment trust’s stock valued at $5,129,000 after buying an additional 800 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Extra Space Storage by 0.3% in the second quarter. Retirement Systems of Alabama now owns 61,049 shares of the real estate investment trust’s stock valued at $4,762,000 after buying an additional 184 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Extra Space Storage by 71.3% in the second quarter. IFP Advisors Inc now owns 5,328 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 2,217 shares in the last quarter.

Extra Space Storage Inc (EXR) opened at 77.87 on Tuesday. The firm’s 50-day moving average price is $77.55 and its 200-day moving average price is $76.27. Extra Space Storage Inc has a 1-year low of $68.09 and a 1-year high of $85.12. The firm has a market cap of $9.79 billion, a P/E ratio of 26.70 and a beta of 0.34.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $276 million for the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a net margin of 36.35% and a return on equity of 15.20%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. Equities research analysts anticipate that Extra Space Storage Inc will post $2.67 earnings per share for the current fiscal year.

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Several analysts have recently commented on the company. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 target price on shares of Extra Space Storage in a research note on Thursday, April 27th. Bank of America Corporation downgraded Extra Space Storage from a “buy” rating to a “neutral” rating and reduced their target price for the company from $83.00 to $81.00 in a research note on Thursday, July 20th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $77.00 target price on shares of Extra Space Storage in a research note on Monday, May 22nd. Finally, Citigroup Inc. restated a “neutral” rating on shares of Extra Space Storage in a research note on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.67.

In other news, Director Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the sale, the director now owns 665,748 shares in the company, valued at $52,134,725.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP James Overturf sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $74.59, for a total transaction of $96,967.00. Following the sale, the executive vice president now owns 89,475 shares in the company, valued at approximately $6,673,940.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,900 shares of company stock worth $4,957,788. Corporate insiders own 3.72% of the company’s stock.

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.

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

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