Vigilant Capital Management Exits Position in Extra Space Storage (EXR)

Extra Space Storage (EXR) : Vigilant Capital Management has sold out all of its stake in Extra Space Storage during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 25 shares of Extra Space Storage which is valued at $1,898.

Other Hedge Funds, Including , Johanson Financial Advisors boosted its stake in EXR in the latest quarter, The investment management firm added 2,585 additional shares and now holds a total of 4,826 shares of Extra Space Storage which is valued at $366,438. Extra Space Storage makes up approx 0.40% of Johanson Financial Advisors’s portfolio.Nisa Investment Advisors boosted its stake in EXR in the latest quarter, The investment management firm added 8,785 additional shares and now holds a total of 24,700 shares of Extra Space Storage which is valued at $1,850,524. Extra Space Storage makes up approx 0.02% of Nisa Investment Advisors’s portfolio. Cutler Group Lp added EXR to its portfolio by purchasing 1,055 company shares during the most recent quarter which is valued at $79,758.Fisher Asset Management reduced its stake in EXR by selling 46,202 shares or 10.23% in the most recent quarter. The Hedge Fund company now holds 405,524 shares of EXR which is valued at $30,657,614. Extra Space Storage makes up approx 0.06% of Fisher Asset Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EXR by selling 10,740 shares or 42.14% in the most recent quarter. The Hedge Fund company now holds 14,747 shares of EXR which is valued at $1,093,195.

Extra Space Storage closed down -0.15 points or -0.20% at $75.93 with 4,31,914 shares getting traded on Friday. Post opening the session at $76.08, the shares hit an intraday low of $75.414 and an intraday high of $76.47 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Extra Space Storage was Downgraded by Raymond James to ” Outperform” on Aug 12, 2016. 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.

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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