Eii Capital Management buys $9,685,590 stake in Extra Space Storage (EXR)

Extra Space Storage (EXR) : Eii Capital Management scooped up 20,900 additional shares in Extra Space Storage during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 129,400 shares of Extra Space Storage which is valued at $9,685,590.Extra Space Storage makes up approximately 3.09% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Eventide Asset Management reduced its stake in EXR by selling 90,000 shares or 52.94% in the most recent quarter. The Hedge Fund company now holds 80,000 shares of EXR which is valued at $5,988,000. Extra Space Storage makes up approx 0.36% of Eventide Asset Management’s portfolio. Bokf Na added EXR to its portfolio by purchasing 4,180 company shares during the most recent quarter which is valued at $306,979. Extra Space Storage makes up approx 0.01% of Bokf Na’s portfolio.New York State Teachers Retirement System reduced its stake in EXR by selling 28,787 shares or 10.35% in the most recent quarter. The Hedge Fund company now holds 249,461 shares of EXR which is valued at $18,320,416. Extra Space Storage makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Swiss National Bank reduced its stake in EXR by selling 2,200 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 407,100 shares of EXR which is valued at $30,162,039. Extra Space Storage makes up approx 0.05% of Swiss National Bank’s portfolio.Oakbrook Investments reduced its stake in EXR by selling 600 shares or 8.58% in the most recent quarter. The Hedge Fund company now holds 6,394 shares of EXR which is valued at $487,670. Extra Space Storage makes up approx 0.03% of Oakbrook Investments’s portfolio.

Extra Space Storage opened for trading at $70.62 and hit $71.12 on the upside on Monday, eventually ending the session at $70.61, with a gain of 0.14% or 0.1 points. The heightened volatility saw the trading volume jump to 8,77,861 shares. Company has a market cap of $8,883 M.

On the company’s financial health, Extra Space Storage reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.00. The company had revenue of $257.20 million for the quarter, compared to analysts expectations of $218.17 million. The company’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Extra Space Storage Inc. is a fully integrated self-administered and self-managed real estate investment trust (REIT). The Company owns operates manages acquires develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance and property management acquisition and development. The Company’s rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s self-storage facilities. The Company’s property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31 2014 it held ownership interests in 828 operating stores. Of these operating stores 557 are wholly owned and 271 are owned in joint venture partnerships.

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