Cookson Peirce Co Inc Lowers stake in Extra Space Storage (EXR)

Extra Space Storage (EXR) : Cookson Peirce Co Inc reduced its stake in Extra Space Storage by 1.01% during the most recent quarter end. The investment management company now holds a total of 85,605 shares of Extra Space Storage which is valued at $7,109,495 after selling 870 shares in Extra Space Storage , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Extra Space Storage makes up approximately 1.03% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Forward Management reduced its stake in EXR by selling 272 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 17,000 shares of EXR which is valued at $1,411,850. Extra Space Storage makes up approx 0.11% of Forward Management’s portfolio.Chicago Equity Partners reduced its stake in EXR by selling 9,110 shares or 73.29% in the most recent quarter. The Hedge Fund company now holds 3,320 shares of EXR which is valued at $285,586. Extra Space Storage makes up approx 0.01% of Chicago Equity Partners’s portfolio.Rs Investment Management Co boosted its stake in EXR in the latest quarter, The investment management firm added 18,360 additional shares and now holds a total of 90,790 shares of Extra Space Storage which is valued at $8,162,021. Extra Space Storage makes up approx 0.08% of Rs Investment Management Co’s portfolio.Quadrant Capital Management reduced its stake in EXR by selling 460 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 13,118 shares of EXR which is valued at $1,228,107. Extra Space Storage makes up approx 1.01% of Quadrant Capital Management’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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