Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $78.31, for a total transaction of $1,566,200.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,134,725.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Spencer Kirk also recently made the following trade(s):

  • On Thursday, June 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The shares were sold at an average price of $75.75, for a total transaction of $1,515,000.00.
  • On Monday, May 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $75.28, for a total transaction of $1,505,600.00.

Extra Space Storage Inc (NYSE:EXR) traded up 1.47% during mid-day trading on Friday, hitting $76.68. 864,414 shares of the stock were exchanged. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $94.24. The stock has a 50 day moving average of $76.45 and a 200-day moving average of $75.91. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 26.53 and a beta of 0.35.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. Extra Space Storage had a return on equity of 14.92% and a net margin of 36.40%. The firm had revenue of $263 million for the quarter, compared to the consensus estimate of $233.12 million. During the same quarter last year, the business posted $0.86 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts predict that Extra Space Storage Inc will post $2.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.78 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $3.12 annualized dividend and a dividend yield of 4.07%. Extra Space Storage’s dividend payout ratio is currently 108.33%.

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A number of research firms have weighed in on EXR. BidaskClub lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $80.00 price target on shares of Extra Space Storage in a research report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) upgraded shares of Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 target price for the company in a research note on Monday, May 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $77.00 price objective on shares of Extra Space Storage in a research note on Monday, May 22nd. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Extra Space Storage in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Extra Space Storage has an average rating of “Hold” and a consensus target price of $88.18.

A number of institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in shares of Extra Space Storage by 13.5% in the first quarter. Creative Planning now owns 5,850 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 697 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Extra Space Storage by 7.9% in the first quarter. Mutual of America Capital Management LLC now owns 20,050 shares of the real estate investment trust’s stock worth $1,492,000 after buying an additional 1,469 shares in the last quarter. Legal & General Group Plc increased its stake in Extra Space Storage by 5.8% in the first quarter. Legal & General Group Plc now owns 789,162 shares of the real estate investment trust’s stock worth $58,706,000 after buying an additional 43,409 shares during the period. State of Wisconsin Investment Board increased its stake in Extra Space Storage by 14.8% in the first quarter. State of Wisconsin Investment Board now owns 122,734 shares of the real estate investment trust’s stock worth $9,130,000 after buying an additional 15,867 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Extra Space Storage by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 108,544 shares of the real estate investment trust’s stock worth $8,074,000 after buying an additional 3,416 shares during the period.

Extra Space Storage Company Profile

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.

Insider Buying and Selling by Quarter for Extra Space Storage (NYSE:EXR)

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