1607 Capital Partners Raised General Amern Invs (GAM) Stake; Extra Space Storage Has 1.2 Sentiment

March 14, 2018 - By Linda Rogers

Extra Space Storage, Inc. operates as a real estate investment trust in the United States. The company has market cap of $11.35 billion. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. It has a 22.89 P/E ratio. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties.

1607 Capital Partners Llc increased General Amern Invs Inc (GAM) stake by 21.94% reported in 2017Q3 SEC filing. 1607 Capital Partners Llc acquired 63,250 shares as General Amern Invs Inc (GAM)’s stock rose 1.35%. The 1607 Capital Partners Llc holds 351,600 shares with $12.67M value, up from 288,350 last quarter. General Amern Invs Inc now has $913.75 million valuation. The stock decreased 0.84% or $0.3 during the last trading session, reaching $34.89. About 28,737 shares traded. General American Investors Company, Inc. (NYSE:GAM) has risen 23.98% since March 14, 2017 and is uptrending. It has outperformed by 7.28% the S&P500.

Investors sentiment increased to 2.05 in Q3 2017. Its up 1.27, from 0.78 in 2017Q2. It improved, as 4 investors sold GAM shares while 23 reduced holdings. 2 funds opened positions while 19 raised stakes. 7.35 million shares or 1.55% less from 7.47 million shares in 2017Q2 were reported. Tower Rech Capital Ltd Limited Liability Company (Trc) holds 916 shares. Royal Fincl Bank Of Canada owns 8,151 shares. Monetary Mgmt Inc has 0.08% invested in General American Investors Company, Inc. (NYSE:GAM) for 5,450 shares. Cornerstone Advisors owns 431,902 shares. First Advsr Limited Partnership holds 58,456 shares. Banced Corp holds 8,340 shares. Neville Rodie Shaw Inc reported 38,724 shares. Janney Montgomery Scott Lc has invested 0% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). 1832 Asset Management Limited Partnership owns 150,000 shares. Raymond James Financial Ser Advsr accumulated 32,085 shares or 0.01% of the stock. Massachusetts-based Commonwealth Equity Services Incorporated has invested 0% in General American Investors Company, Inc. (NYSE:GAM). Css Lc Il accumulated 28,269 shares. Levin Capital Strategies Limited Partnership stated it has 21,667 shares or 0.01% of all its holdings. Howe And Rusling Incorporated invested in 700 shares. Sit Investment Associate has invested 0.12% in General American Investors Company, Inc. (NYSE:GAM).

1607 Capital Partners Llc decreased Blackrock Enh Cap & Inc Fd I (CII) stake by 26,478 shares to 611,800 valued at $9.54 million in 2017Q3. It also reduced Virtus Total Return Fund Inc stake by 86,751 shares and now owns 20,879 shares. Cbre Clarion Global Real Est (IGR) was reduced too.

Since December 14, 2017, it had 6 buys, and 1 insider sale for $286,327 activity. On Thursday, February 8 the insider Majmudar Anang K. bought $7,445. On Friday, December 15 the insider Stark Eugene S bought $23,716. Shares for $144,716 were sold by BERENS RODNEY B. On Friday, December 15 DAVIDSON SPENCER bought $197,991 worth of General American Investors Company, Inc. (NYSE:GAM) or 5,800 shares. 4,000 shares were bought by Priest Jeffrey W, worth $132,620.

Ratings analysis reveals 0 of Extra Space Storage’s analysts are positive. Out of 2 Wall Street analysts rating Extra Space Storage, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. EXR was included in 2 notes of analysts from December 13, 2016. The company was downgraded on Tuesday, December 13 by Morgan Stanley. The firm has “Hold” rating by Jefferies given on Tuesday, December 20.

Security Capital Research & Management Inc holds 4.54% of its portfolio in Extra Space Storage Inc. for 1.81 million shares. Cbre Clarion Securities Llc owns 4.25 million shares or 3.76% of their US portfolio. Moreover, Heitman Real Estate Securities Llc has 3.18% invested in the company for 688,096 shares. The California-based Adelante Capital Management Llc has invested 2.7% in the stock. Tobam, a France-based fund reported 836,993 shares.

Analysts await Extra Space Storage Inc. (NYSE:EXR) to report earnings on April, 25. They expect $1.09 earnings per share, up 5.83% or $0.06 from last year’s $1.03 per share. EXR’s profit will be $143.55M for 19.76 P/E if the $1.09 EPS becomes a reality. After $1.12 actual earnings per share reported by Extra Space Storage Inc. for the previous quarter, Wall Street now forecasts -2.68% negative EPS growth.

The stock decreased 1.11% or $0.97 during the last trading session, reaching $86.16. About 1.03M shares traded. Extra Space Storage Inc. (EXR) has declined 14.77% since March 14, 2017 and is downtrending. It has underperformed by 31.47% the S&P500.

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