Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $78.12, for a total value of $1,562,400.00. Following the completion of the sale, the director now directly owns 665,748 shares of the company’s stock, valued at approximately $52,008,233.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, August 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $79.09, for a total value of $1,581,800.00.
  • On Monday, July 3rd, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $78.31, for a total value of $1,566,200.00.

Extra Space Storage Inc (NYSE:EXR) opened at 79.39 on Thursday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 27.13 and a beta of 0.35. Extra Space Storage Inc has a 52-week low of $68.09 and a 52-week high of $82.59. The stock’s 50 day moving average price is $77.59 and its 200 day moving average price is $76.87.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The company had revenue of $276 million during the quarter, compared to the consensus estimate 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 EPS. On average, analysts forecast that Extra Space Storage Inc will post $2.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.78 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.12 annualized dividend and a yield of 3.93%. Extra Space Storage’s dividend payout ratio (DPR) is presently 107.22%.

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EXR has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) upgraded Extra Space Storage from a “buy” rating to a “conviction-buy” rating and set a $95.00 price objective for the company in a research report on Monday, May 15th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Cantor Fitzgerald reiterated a “hold” rating and issued a $77.00 price objective on shares of Extra Space Storage in a research report on Sunday, August 20th. Bank of America Corporation lowered Extra Space Storage from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $83.00 to $81.00 in a research report on Thursday, July 20th. Finally, KeyCorp reiterated a “buy” rating and issued a $82.00 price objective on shares of Extra Space Storage in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $82.25.

Several hedge funds have recently added to or reduced their stakes in EXR. Janney Montgomery Scott LLC acquired a new stake in shares of Extra Space Storage during the 1st quarter worth $204,000. Pacer Advisors Inc. increased its holdings in shares of Extra Space Storage by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,810 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 88 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of Extra Space Storage by 42.4% during the 1st quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 842 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Extra Space Storage during the 2nd quarter worth $213,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Extra Space Storage during the 1st quarter worth $216,000.

About Extra Space Storage

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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