As At&T (T) Stock Value Declined, Holder Beaumont Financial Partners Lowered Its Holding by $442,472; Extra Space Storage (EXR) Holder New Mexico Educational Retirement Board Has Lowered Position by $1.48 Million as Stock Declined

May 25, 2018 - By Vivian Currie

Extra Space Storage Inc. (NYSE:EXR) Logo

Beaumont Financial Partners Llc decreased its stake in At&T Inc (T) by 5.55% based on its latest 2017Q4 regulatory filing with the SEC. Beaumont Financial Partners Llc sold 11,644 shares as the company’s stock declined 10.37% with the market. The institutional investor held 198,310 shares of the telecommunications equipment company at the end of 2017Q4, valued at $7.71 million, down from 209,954 at the end of the previous reported quarter. Beaumont Financial Partners Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $201.30 billion market cap company. The stock increased 1.39% or $0.45 during the last trading session, reaching $32.78. About 35.25 million shares traded or 25.57% up from the average. AT&T Inc. (NYSE:T) has declined 15.88% since May 25, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

New Mexico Educational Retirement Board decreased its stake in Extra Space Storage Inc (EXR) by 58.36% based on its latest 2017Q4 regulatory filing with the SEC. New Mexico Educational Retirement Board sold 16,957 shares as the company’s stock declined 0.66% with the market. The institutional investor held 12,100 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.06 million, down from 29,057 at the end of the previous reported quarter. New Mexico Educational Retirement Board who had been investing in Extra Space Storage Inc for a number of months, seems to be less bullish one the $12.53B market cap company. The stock increased 1.45% or $1.36 during the last trading session, reaching $95.1. About 1.40 million shares traded or 47.17% up from the average. Extra Space Storage Inc. (NYSE:EXR) has risen 14.89% since May 25, 2017 and is uptrending. It has outperformed by 3.34% the S&P500.

New Mexico Educational Retirement Board, which manages about $2.64B US Long portfolio, upped its stake in Accenture Plc Cl A (NYSE:ACN) by 2,400 shares to 59,400 shares, valued at $9.09 million in 2017Q4, according to the filing. It also increased its holding in Priceline Group Inc/The (NASDAQ:PCLN) by 200 shares in the quarter, for a total of 4,748 shares, and has risen its stake in Walmart Inc (NYSE:WMT).

Analysts await Extra Space Storage Inc. (NYSE:EXR) to report earnings on August, 7. They expect $1.15 EPS, up 5.50% or $0.06 from last year’s $1.09 per share. EXR’s profit will be $151.51 million for 20.67 P/E if the $1.15 EPS becomes a reality. After $1.09 actual EPS reported by Extra Space Storage Inc. for the previous quarter, Wall Street now forecasts 5.50% EPS growth.

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.01, from 1.19 in 2017Q3. It increased, as 26 investors sold EXR shares while 125 reduced holdings. 62 funds opened positions while 119 raised stakes. 128.58 million shares or 2.03% less from 131.25 million shares in 2017Q3 were reported. Norinchukin Fincl Bank The accumulated 10,066 shares or 0.02% of the stock. Apg Asset Mgmt Nv stated it has 1.71M shares or 0.23% of all its holdings. Susquehanna Intll Grp Inc Ltd Liability Partnership holds 0% or 37,652 shares in its portfolio. 468,764 are owned by Pnc Fincl Services Gp Inc. Eventide Asset Ltd Llc invested in 0.37% or 82,000 shares. Bnp Paribas Asset Mgmt Holdg Sa accumulated 0.07% or 97,269 shares. Peak6 Invests LP stated it has 49,470 shares. Quantbot Technologies LP owns 1,630 shares. Farmers Merchants Invests owns 39 shares for 0% of their portfolio. United Service Automobile Association has 39,413 shares. Metropolitan Life Co New York invested in 30,549 shares or 0.04% of the stock. Cipher Capital Lp holds 0.08% of its portfolio in Extra Space Storage Inc. (NYSE:EXR) for 11,295 shares. First Western Cap Mgmt Company holds 0.32% of its portfolio in Extra Space Storage Inc. (NYSE:EXR) for 6,503 shares. Fca Corporation Tx owns 5,100 shares for 0.18% of their portfolio. The New York-based Financial Bank Of New York Mellon has invested 0.05% in Extra Space Storage Inc. (NYSE:EXR).

Among 16 analysts covering Extra Space Storage Inc. (NYSE:EXR), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. Extra Space Storage Inc. had 56 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets initiated Extra Space Storage Inc. (NYSE:EXR) rating on Monday, September 11. BMO Capital Markets has “Hold” rating and $78.0 target. The company was maintained on Wednesday, February 21 by Cantor Fitzgerald. On Tuesday, December 20 the stock rating was downgraded by Jefferies to “Hold”. The stock of Extra Space Storage Inc. (NYSE:EXR) has “Hold” rating given on Monday, August 7 by RBC Capital Markets. As per Wednesday, December 13, the company rating was upgraded by Morgan Stanley. The firm earned “Buy” rating on Friday, April 13 by Robert W. Baird. Evercore maintained Extra Space Storage Inc. (NYSE:EXR) rating on Tuesday, September 8. Evercore has “Hold” rating and $72 target. The rating was maintained by Jefferies with “Buy” on Tuesday, May 31. Cantor Fitzgerald maintained Extra Space Storage Inc. (NYSE:EXR) on Friday, November 10 with “Neutral” rating. The firm earned “Underweight” rating on Wednesday, November 11 by BB&T Capital.

More news for Extra Space Storage Inc. (NYSE:EXR) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Integer, Sykes Enterprises, Protagonist Therapeutics, Egalet, Watsco, and …” on May 22, 2018. Benzinga.com‘s article titled: “Bank Of America Says It Underestimated REITs’ Execution, Demand” and published on May 12, 2018 is yet another important article.

Since January 17, 2018, it had 0 buys, and 13 sales for $7.58 million activity. On Thursday, May 3 Sondhi Samrat sold $505,004 worth of Extra Space Storage Inc. (NYSE:EXR) or 5,531 shares. McNeal Gwyn Goodson also sold $155,255 worth of Extra Space Storage Inc. (NYSE:EXR) shares. Olmstead Diane sold $124,983 worth of Extra Space Storage Inc. (NYSE:EXR) on Monday, February 26. OVERTURF JAMES had sold 880 shares worth $72,935. 2,292 shares were sold by SKOUSEN K FRED, worth $209,305. Woolley Kenneth M. had sold 2,195 shares worth $189,739.

More notable recent AT&T Inc. (NYSE:T) news were published by: Usatoday.com which released: “Consumer satisfaction with cable, Internet Service Providers drops again” on May 24, 2018, also Seekingalpha.com with their article: “AT&T: What’s The Worst-Case Scenario?” published on May 22, 2018, 247Wallst.com published: “Why AT&T Earnings Drove Investors to the Exits” on April 26, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Why Buy AT&T While The Roof Is On Fire” published on May 15, 2018 as well as 247Wallst.com‘s news article titled: “The 6 Most Shorted NYSE Stocks” with publication date: May 25, 2018.

Beaumont Financial Partners Llc, which manages about $2.17B and $853.24M US Long portfolio, upped its stake in Ishares Tr (AGG) by 9,383 shares to 280,818 shares, valued at $30.70 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (MUB) by 5,050 shares in the quarter, for a total of 74,910 shares, and has risen its stake in Ssga Active Etf Tr.

Among 33 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 1 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 83 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital on Wednesday, October 26 to “Equal-Weight”. The firm earned “Buy” rating on Monday, March 7 by DA Davidson. On Thursday, January 26 the stock rating was maintained by FBR Capital with “Mkt Perform”. SunTrust maintained it with “Hold” rating and $40.0 target in Thursday, February 1 report. As per Wednesday, January 11, the company rating was downgraded by Deutsche Bank. RBC Capital Markets maintained the stock with “Hold” rating in Friday, July 7 report. The stock has “Overweight” rating by Barclays Capital on Friday, July 15. The stock has “Buy” rating by HSBC on Wednesday, March 28. The firm has “Overweight” rating by Barclays Capital given on Monday, April 18. Scotia Capital maintained the stock with “Hold” rating in Friday, April 20 report.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It dived, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Trillium Asset Management Ltd Liability Co has invested 0.02% in AT&T Inc. (NYSE:T). 21,155 are held by Orrstown Svcs Inc. Foundry Prtn Ltd Llc owns 614,405 shares. 32,880 were reported by S R Schill And Associates. The Minnesota-based Bremer Tru Association has invested 0.47% in AT&T Inc. (NYSE:T). 107,094 were accumulated by Coastline Company. Hanson Mcclain, a California-based fund reported 109,789 shares. Great Lakes Advsr reported 103,565 shares. Smith Salley holds 0.75% of its portfolio in AT&T Inc. (NYSE:T) for 107,924 shares. Louisiana State Employees Retirement Sys invested 0.66% of its portfolio in AT&T Inc. (NYSE:T). Wellington Shields & Limited Co stated it has 88,077 shares. Northcoast Asset Ltd Llc invested 0.05% in AT&T Inc. (NYSE:T). Kbc Gp Nv holds 0.36% in AT&T Inc. (NYSE:T) or 1.09 million shares. 93 were accumulated by Smith Asset Mgmt Grp Inc Lp. Schnieders Mngmt Lc invested in 114,179 shares.

Extra Space Storage Inc. (NYSE:EXR) Institutional Positions Chart

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