Extra Space Storage Inc (NYSE:EXR) Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $79.64, for a total value of $1,592,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, September 1st, Spencer Kirk sold 20,000 shares of Extra Space Storage stock. The stock was sold at an average price of $78.12, for a total value of $1,562,400.00.
  • 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.

Extra Space Storage Inc (NYSE:EXR) opened at 80.38 on Friday. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 27.47 and a beta of 0.36. The stock’s 50 day moving average price is $78.62 and its 200-day moving average price is $77.19. Extra Space Storage Inc has a one year low of $68.09 and a one year high of $83.23.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Extra Space Storage had a return on equity of 15.20% and a net margin of 36.35%. The company had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $239.89 million. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Extra Space Storage Inc will post $2.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.88%. Extra Space Storage’s payout ratio is 107.22%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Extra Space Storage by 0.8% in the second quarter. Vanguard Group Inc. now owns 21,666,355 shares of the real estate investment trust’s stock valued at $1,689,976,000 after buying an additional 171,897 shares during the last quarter. BlackRock Inc. lifted its position in shares of Extra Space Storage by 3.0% in the second quarter. BlackRock Inc. now owns 12,091,401 shares of the real estate investment trust’s stock valued at $943,130,000 after buying an additional 348,554 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Extra Space Storage by 56.2% in the second quarter. Capital Research Global Investors now owns 5,161,305 shares of the real estate investment trust’s stock valued at $402,582,000 after buying an additional 1,857,594 shares during the last quarter. Cbre Clarion Securities LLC acquired a new stake in shares of Extra Space Storage in the second quarter valued at approximately $304,239,000. Finally, Northern Trust Corp lifted its position in shares of Extra Space Storage by 3.9% in the second quarter. Northern Trust Corp now owns 1,919,978 shares of the real estate investment trust’s stock valued at $149,759,000 after buying an additional 71,326 shares during the last quarter.

EXR has been the subject of several analyst reports. Bank of America Corporation lowered Extra Space Storage from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $81.00 in a report on Thursday, July 20th. BidaskClub upgraded Extra Space Storage from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Evercore ISI restated an “in-line” rating and issued a $80.00 target price (up from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. Cantor Fitzgerald restated a “hold” rating and issued a $77.00 target price on shares of Extra Space Storage in a report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating and issued a $82.00 target price on shares of Extra Space Storage in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.63.

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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