Extra Space Storage, Inc. (NYSE:EXR) Shares Sold by Toronto Dominion Bank

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Toronto Dominion Bank lessened its stake in Extra Space Storage, Inc. (NYSE:EXR) by 15.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,163 shares of the real estate investment trust’s stock after selling 18,834 shares during the quarter. Toronto Dominion Bank’s holdings in Extra Space Storage were worth $10,730,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EXR. Geode Capital Management LLC lifted its holdings in shares of Extra Space Storage by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,950,053 shares of the real estate investment trust’s stock valued at $176,181,000 after buying an additional 149,614 shares during the period. State Treasurer State of Michigan lifted its holdings in shares of Extra Space Storage by 1.1% in the 1st quarter. State Treasurer State of Michigan now owns 36,648 shares of the real estate investment trust’s stock valued at $3,735,000 after buying an additional 400 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Extra Space Storage by 3.6% in the 1st quarter. CIBC Asset Management Inc now owns 12,526 shares of the real estate investment trust’s stock valued at $1,277,000 after buying an additional 441 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Extra Space Storage by 2.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,397 shares of the real estate investment trust’s stock worth $1,365,000 after purchasing an additional 356 shares during the period. Finally, Raymond James & Associates raised its holdings in Extra Space Storage by 2.7% in the 1st quarter. Raymond James & Associates now owns 30,760 shares of the real estate investment trust’s stock worth $3,135,000 after purchasing an additional 820 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

In other Extra Space Storage news, Director Spencer Kirk sold 248,103 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total transaction of $30,102,336.99. Following the completion of the sale, the director now directly owns 153,069 shares in the company, valued at approximately $18,571,861.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Joseph D. Margolis sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $105.01, for a total value of $262,525.00. Following the sale, the chief executive officer now owns 111,232 shares of the company’s stock, valued at $11,680,472.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,524 shares of company stock valued at $32,159,600. 3.29% of the stock is owned by company insiders.

NYSE EXR traded up $0.02 during trading hours on Friday, reaching $116.12. The company’s stock had a trading volume of 1,005,726 shares, compared to its average volume of 841,883. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 5.03 and a beta of 0.19. Extra Space Storage, Inc. has a 1-year low of $83.70 and a 1-year high of $124.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50-day moving average is $118.24 and its two-hundred day moving average is $107.76.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, September 13th. This represents a $3.60 annualized dividend and a yield of 3.10%. Extra Space Storage’s dividend payout ratio (DPR) is currently 77.09%.

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Extra Space Storage from $103.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Investment Research cut Extra Space Storage from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, September 10th. Robert W. Baird set a $121.00 price target on Extra Space Storage and gave the stock a “hold” rating in a report on Wednesday, August 21st. Stifel Nicolaus assumed coverage on Extra Space Storage in a report on Monday, August 19th. They issued a “buy” rating and a $131.00 price target for the company. Finally, Wells Fargo & Co upped their price target on Extra Space Storage from $114.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $117.04.

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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