A number of firms have modified their ratings and price targets on shares of Extra Space Storage (NYSE: EXR) recently:

  • 9/1/2017 – Extra Space Storage had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $77.00 price target on the stock.
  • 8/25/2017 – Extra Space Storage had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $82.00 price target on the stock.
  • 8/23/2017 – Extra Space Storage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/20/2017 – Extra Space Storage had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $77.00 price target on the stock.
  • 7/30/2017 – Extra Space Storage was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Extra Space Storage was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/20/2017 – Extra Space Storage was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $81.00 price target on the stock, down previously from $83.00.
  • 7/12/2017 – Extra Space Storage was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Extra Space Storage Inc (NYSE EXR) traded up 1.26% on Wednesday, hitting $79.39. The stock had a trading volume of 1,041,640 shares. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 27.13 and a beta of 0.35. The firm’s 50-day moving average is $77.54 and its 200-day moving average is $76.85. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $82.82.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $276 million during the quarter, compared to analysts’ expectations of $239.89 million. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. Extra Space Storage’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, analysts expect that Extra Space Storage Inc will post $2.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.12 annualized dividend and a yield of 3.93%. Extra Space Storage’s dividend payout ratio is presently 107.22%.

In related news, EVP James Overturf sold 1,300 shares of Extra Space Storage stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.90, for a total transaction of $97,370.00. Following the completion of the transaction, the executive vice president now directly owns 88,875 shares of the company’s stock, valued at $6,656,737.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of Extra Space Storage stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $78.31, for a total value of $1,566,200.00. Following the transaction, the director now directly owns 665,748 shares of the company’s stock, valued at $52,134,725.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,900 shares of company stock valued at $5,006,371. 3.72% of the stock is currently owned by insiders.

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.

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