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Assenagon Asset Management S.A. Takes on New Role at Extra Space Storage Inc. (NYSE:EXR)

Assenagon Asset Management S.A. Takes on New Role at Extra Space Storage Inc. (NYSE:EXR)

In its most recent Form 13F filing with the Securities and Exchange Commission, Assenagon Asset Management S.A. revealed that it had made a new investment in Extra Space Storage Inc. (NYSE: EXR) during the third quarter. This information is included in the document that was filed (SEC). To purchase 1,969 shares of stock in the real estate investment trust, the fund forked over approximately 340,000 dollars in total expenditures.

Over the last few months, several other institutional investors and hedge funds have purchased and sold the company’s stock.EdgeRock Capital LLC invested approximately $27,000 during the third quarter to increase the value of its holdings in Extra Space Storage. The acquisition of Extra Space Storage for Harel Insurance Investments & Financial Services Ltd.’s portfolio of properties cost approximately $29,000 and was completed during the company’s second fiscal quarter. In the second quarter, Ronald Blue Trust Inc. made an additional stock purchase for $35,000 to bolster the position it already held in Extra Space Storage. SJS Investment Consulting Inc. increased its stake in Extra Space Storage by purchasing an additional 35,000 dollars worth of the company’s shares during the third quarter, bringing the total number of shares owned by the firm to a total of 500,000. And finally, but certainly not least, during the second quarter, Whittier Trust Company increased the amount of Extra Space Storage stock held by 168.4%. This brings the total number of stock holdings it has in Extra Space Storage to 1. The real estate investment trust that Whittier Trust Company owns now has a value of $43,000 after the company recently increased its holdings by purchasing an additional 160 shares during the most recent quarter. This action brought the total number of shares owned by the company to 320. The company’s shares are held in institutional ownership for 95.32 percent of the company.

Several equity analysts have recently provided commentary on the recent performance of EXR shares. In a report distributed on Tuesday, Trust Financial downgraded Extra Space Storage from a “buy” recommendation to a “hold” rating and lowered their target price for the company from $175.00 to $160.00. The target price drop came after Trust Financial lowered its target price for the company from $175.00 to $160.00. In a report released on January 9, Raymond James raised Extra Space Storage’s rating from “market perform,” where it had been before, to “outperform.” Previously, the rating had been “market perform.” In addition, the company has projected that the share price will reach $170.00 within the next three months. In a report released on Friday, December 16, JPMorgan Chase & Co. decreased their price objective for Extra Space Storage from $177.00 to $167.00 and downgraded the company’s rating from “overweight” to “neutral.” In a report distributed on November 21, Evercore ISI lowered their price objective for Extra Space Storage shares from $162.00 to $150.00 and downgraded the company from “in line” to “underperform.” KeyCorp lowered its price objective for Extra Space Storage from $220.00 to $190.00 and classified the company as “overweight” in a research report published on Wednesday, November 30. Seven research professionals have provided the company with advice to buy, hold, or sell (from three analysts, five analysts, and two analysts, respectively), and the company has received these recommendations. The current price objective for the company has been determined to be $170.33, and the average rating for the stock is “Hold.” The data used to

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