Extra Space Storage (EXR) : Weaver C. Barksdale Associates reduced its stake in Extra Space Storage by 4.68% during the most recent quarter end. The investment management company now holds a total of 31,693 shares of Extra Space Storage which is valued at $2.9 Million after selling 1,557 shares in Extra Space Storage according to a report filed by the company on Apr 5, 2016 with the SEC.Extra Space Storage makes up approximately 2.20% of Weaver C. Barksdale Associates’s portfolio.
On the company’s financial health, Extra Space Storage reported $0.87 EPS for the quarter, based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus estimate of $0.87. The company had revenue of $195.67 million for the quarter, compared to analysts expectations of $187.62 million. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Extra Space Storage closed down -1.63 points or -1.74% at $91.95 with 5,87,078 shares getting traded on Monday. Post opening the session at $93.59, the shares hit an intraday low of $91.95 and an intraday high of $93.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.