Quantbot Technologies Lp adds Extra Space Storage (EXR) to its portfolio

Extra Space Storage (EXR) : Quantbot Technologies Lp added new position in Extra Space Storage during the most recent quarter end. The investment management firm now holds 65,581 shares of Extra Space Storage which is valued at $5,446,502 , the company said in a statement filed on Aug 2, 2016 with the SEC.Extra Space Storage makes up approximately 0.56% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in EXR in the latest quarter, The investment management firm added 14,375 additional shares and now holds a total of 223,099 shares of Extra Space Storage which is valued at $18,528,372. Extra Space Storage makes up approx 0.06% of Mizuho Trust Banking Ltd.’s portfolio. Moody Lynn Lieberson added EXR to its portfolio by purchasing 4,330 company shares during the most recent quarter which is valued at $372,467. Extra Space Storage makes up approx 0.06% of Moody Lynn Lieberson’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in EXR in the latest quarter, The investment management firm added 4,466 additional shares and now holds a total of 21,936 shares of Extra Space Storage which is valued at $1,886,935. Extra Space Storage makes up approx 0.06% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Cypress Capital Management (wy) added EXR to its portfolio by purchasing 1,545 company shares during the most recent quarter which is valued at $132,901. Extra Space Storage makes up approx 0.17% of Cypress Capital Management (wy)’s portfolio. Johanson Financial Advisors added EXR to its portfolio by purchasing 2,241 company shares during the most recent quarter which is valued at $207,001. Extra Space Storage makes up approx 0.24% of Johanson Financial Advisors’s portfolio.

Extra Space Storage closed down -0.19 points or -0.23% at $82.29 with 11,21,060 shares getting traded on Monday. Post opening the session at $82.25, the shares hit an intraday low of $82.135 and an intraday high of $83.429 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Extra Space Storage reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.93. The company had revenue of $244.30 million for the quarter, compared to analysts expectations of $210.69 million. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Extra Space Storage. Company shares were Reiterated by DA Davidson on Jul 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .Extra Space Storage was Downgraded by SunTrust to ” Neutral” on Jul 25, 2016. DA Davidson Initiated Extra Space Storage on Jun 24, 2016 to “Neutral”, Price Target of the shares are set at $95.

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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