Heartland Bank & Trust Co Makes New $447,000 Investment in Extra Space Storage Inc. (NYSE:EXR)

Heartland Bank & Trust Co bought a new position in shares of Extra Space Storage Inc. (NYSE:EXRGet Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,173 shares of the real estate investment trust’s stock, valued at approximately $447,000.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Extra Space Storage by 0.8% in the 4th quarter. BlackRock Inc. now owns 15,153,217 shares of the real estate investment trust’s stock valued at $3,435,689,000 after buying an additional 122,140 shares in the last quarter. State Street Corp grew its holdings in Extra Space Storage by 6.8% in the 4th quarter. State Street Corp now owns 8,506,244 shares of the real estate investment trust’s stock valued at $1,928,621,000 after buying an additional 541,283 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Extra Space Storage by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 4,647,305 shares of the real estate investment trust’s stock valued at $1,050,072,000 after buying an additional 119,144 shares in the last quarter. Geode Capital Management LLC grew its holdings in Extra Space Storage by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 3,004,095 shares of the real estate investment trust’s stock valued at $679,643,000 after buying an additional 82,323 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Extra Space Storage by 5.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,956,399 shares of the real estate investment trust’s stock valued at $670,306,000 after buying an additional 147,659 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors and hedge funds.

In other Extra Space Storage news, CEO Joseph D. Margolis sold 5,000 shares of the company’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $208.34, for a total value of $1,041,700.00. Following the completion of the transaction, the chief executive officer now owns 62,035 shares of the company’s stock, valued at approximately $12,924,371.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.52% of the stock is owned by corporate insiders.

Shares of EXR stock opened at $164.66 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.55. Extra Space Storage Inc. has a twelve month low of $156.70 and a twelve month high of $228.84. The company has a market cap of $22.11 billion, a P/E ratio of 26.73, a P/E/G ratio of 2.56 and a beta of 0.46. The business has a fifty day simple moving average of $182.33 and a 200 day simple moving average of $196.10.

Extra Space Storage (NYSE:EXRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.35). Extra Space Storage had a return on equity of 23.42% and a net margin of 50.76%. The business had revenue of $379.81 million for the quarter, compared to the consensus estimate of $368.88 million. During the same quarter in the prior year, the company earned $1.50 earnings per share. Extra Space Storage’s quarterly revenue was up 25.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Extra Space Storage Inc. will post 8.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a $1.50 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $6.00 dividend on an annualized basis and a yield of 3.64%. Extra Space Storage’s payout ratio is presently 97.40%.

A number of research firms have recently weighed in on EXR. KeyCorp cut their target price on Extra Space Storage from $224.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, June 16th. JPMorgan Chase & Co. upgraded Extra Space Storage from a “neutral” rating to an “overweight” rating and cut their target price for the company from $224.00 to $193.00 in a research report on Wednesday. Morgan Stanley cut their target price on Extra Space Storage from $172.00 to $156.00 and set an “underweight” rating for the company in a research report on Wednesday, May 25th. StockNews.com downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Evercore ISI set a $198.00 target price on Extra Space Storage in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $201.00.

Extra Space Storage Company Profile (Get Rating)

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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, DC and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.

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

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