Manning & Napier Group LLC Sells 515 Shares of Extra Space Storage, Inc. (NYSE:EXR)

Share on StockTwits

Manning & Napier Group LLC reduced its stake in Extra Space Storage, Inc. (NYSE:EXR) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,000 shares of the real estate investment trust’s stock after selling 515 shares during the period. Manning & Napier Group LLC’s holdings in Extra Space Storage were worth $3,386,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its holdings in Extra Space Storage by 116.7% during the second quarter. FinTrust Capital Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 126 shares in the last quarter. Signaturefd LLC lifted its holdings in Extra Space Storage by 103.4% during the second quarter. Signaturefd LLC now owns 240 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 122 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Extra Space Storage by 2,577.8% during the second quarter. Bessemer Group Inc. now owns 241 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 232 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in Extra Space Storage by 68.5% during the second quarter. CSat Investment Advisory L.P. now owns 406 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Extra Space Storage by 87.1% during the second quarter. Advisory Services Network LLC now owns 593 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

In other Extra Space Storage news, Director Spencer Kirk sold 248,103 shares of Extra Space Storage stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $121.33, for a total value of $30,102,336.99. Following the sale, the director now owns 153,069 shares of the company’s stock, valued at approximately $18,571,861.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Grace Kunde sold 1,738 shares of Extra Space Storage stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $120.45, for a total value of $209,342.10. Following the completion of the sale, the senior vice president now directly owns 7,202 shares in the company, valued at approximately $867,480.90. The disclosure for this sale can be found here. Insiders sold a total of 265,964 shares of company stock worth $32,234,558 in the last three months. Company insiders own 3.29% of the company’s stock.

EXR has been the topic of several recent analyst reports. Morgan Stanley lowered Extra Space Storage from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $93.00 to $105.00 in a report on Monday, September 16th. Stifel Nicolaus initiated coverage on Extra Space Storage in a report on Monday, August 19th. They set a “buy” rating and a $131.00 target price on the stock. Robert W. Baird set a $121.00 target price on Extra Space Storage and gave the stock a “hold” rating in a report on Wednesday, August 21st. ValuEngine lowered Extra Space Storage from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Citigroup lifted their target price on Extra Space Storage from $103.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $115.53.

EXR opened at $115.67 on Friday. The business’s 50-day moving average price is $118.41 and its two-hundred day moving average price is $110.43. Extra Space Storage, Inc. has a 1 year low of $84.49 and a 1 year high of $124.46. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 5.02 and a beta of 0.18. 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 also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Friday, September 13th. Extra Space Storage’s dividend payout ratio is 77.09%.

Extra Space Storage Company 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: How are Outstanding Shares Different from Authorized Shares?

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

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.