Weiss Multi-strategy Advisers adds Extra Space Storage (EXR) to its portfolio

Extra Space Storage (EXR) : Weiss Multi-strategy Advisers added new position in Extra Space Storage during the most recent quarter end. The investment management firm now holds 207,614 shares of Extra Space Storage which is valued at $15,539,908 , the company said in a statement filed on Nov 14, 2016 with the SEC.Extra Space Storage makes up approximately 1.22% of Weiss Multi-strategy Advisers’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp added EXR to its portfolio by purchasing 87,928 company shares during the most recent quarter which is valued at $6,581,411. Extra Space Storage makes up approx 0.03% of Two Sigma Advisers Lp’s portfolio. Global X Management Co added EXR to its portfolio by purchasing 969 company shares during the most recent quarter which is valued at $138,877. Extra Space Storage makes up approx 0.01% of Global X Management Co’s portfolio.Next Financial Group Inc boosted its stake in EXR in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 307 shares of Extra Space Storage which is valued at $21,957.California Public Employees Retirement System reduced its stake in EXR by selling 12,400 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 298,314 shares of EXR which is valued at $22,400,398. Extra Space Storage makes up approx 0.04% of California Public Employees Retirement System’s portfolio.Pggm Investments reduced its stake in EXR by selling 550,552 shares or 22.98% in the most recent quarter. The Hedge Fund company now holds 1,845,000 shares of EXR which is valued at $140,718,150. Extra Space Storage makes up approx 0.72% of Pggm 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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