Presima buys $44,042,803 stake in Extra Space Storage (EXR)

Extra Space Storage (EXR) : Presima scooped up 35,800 additional shares in Extra Space Storage during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 476,499 shares of Extra Space Storage which is valued at $44,042,803.Extra Space Storage makes up approximately 6.89% of Presima’s portfolio.

Extra Space Storage opened for trading at $90.92 and hit $92.63 on the upside on Friday, eventually ending the session at $92.43, with a gain of 1.87% or 1.7 points. The heightened volatility saw the trading volume jump to 7,99,268 shares. Company has a market cap of $11,559 M.

Other Hedge Funds, Including , Tokio Marine Asset Management Co Ltd added EXR to its portfolio by purchasing 4,583 company shares during the most recent quarter which is valued at $423,607. Extra Space Storage makes up approx 0.04% of Tokio Marine Asset Management Co Ltd’s portfolio.First Mercantile Trust Co reduced its stake in EXR by selling 4,100 shares or 25.64% in the most recent quarter. The Hedge Fund company now holds 11,890 shares of EXR which is valued at $1,010,056. Extra Space Storage makes up approx 0.12% of First Mercantile Trust Co’s portfolio. Quantbot Technologies Lp sold out all of its stake in EXR during the most recent quarter. The investment firm sold 6,091 shares of EXR which is valued $517,430. Ohio National Investments added EXR to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $237,860. Extra Space Storage makes up approx 0.04% of Ohio National Investments’s portfolio. Burt Wealth Advisors added EXR to its portfolio by purchasing 125 company shares during the most recent quarter which is valued at $10,619. Extra Space Storage makes up approx 0.01% of Burt Wealth Advisors’s portfolio.

On the company’s financial health, Extra Space Storage reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.85. The company had revenue of $229.40 million for the quarter, compared to analysts expectations of $201.01 million. The company’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 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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