Extra Space Storage Inc (NYSE:EXR) had its price objective boosted by equities research analysts at Royal Bank Of Canada from $79.00 to $84.00 in a report released on Tuesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 3.30% from the company’s current price.

EXR has been the subject of a number of other research reports. Cantor Fitzgerald reaffirmed a “hold” rating and set a $77.00 target price on shares of Extra Space Storage in a report on Friday, September 1st. Evercore ISI reaffirmed an “in-line” rating and set a $80.00 target price (up previously from $78.00) on shares of Extra Space Storage in a report on Thursday, September 14th. BMO Capital Markets initiated coverage on Extra Space Storage in a report on Monday, September 11th. They set a “market perform” rating and a $78.00 target price for the company. Zacks Investment Research raised Extra Space Storage from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 11th. Finally, BidaskClub lowered Extra Space Storage from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.44.

Extra Space Storage (NYSE EXR) opened at $86.87 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $10,836.67, a PE ratio of 20.09, a price-to-earnings-growth ratio of 3.50 and a beta of 0.38. Extra Space Storage has a twelve month low of $68.09 and a twelve month high of $87.31.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The business had revenue of $284.16 million during the quarter, compared to analyst estimates of $246.85 million. Extra Space Storage had a return on equity of 14.41% and a net margin of 33.21%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. equities research analysts expect that Extra Space Storage will post 4.33 earnings per share for the current fiscal year.

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In related news, EVP James Overturf sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $75.50, for a total value of $98,150.00. Following the completion of the sale, the executive vice president now owns 86,275 shares in the company, valued at approximately $6,513,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was 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 owns 665,748 shares of the company’s stock, valued at approximately $52,008,233.76. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock valued at $5,089,327 in the last three months. 3.72% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in EXR. Tudor Investment Corp ET AL bought a new stake in Extra Space Storage in the 1st quarter worth approximately $245,000. HighTower Advisors LLC lifted its position in Extra Space Storage by 6.4% in the first quarter. HighTower Advisors LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 235 shares during the last quarter. Atria Investments LLC bought a new stake in Extra Space Storage in the second quarter valued at approximately $213,000. Bank of Montreal Can lifted its position in Extra Space Storage by 118.1% in the second quarter. Bank of Montreal Can now owns 188,069 shares of the real estate investment trust’s stock valued at $14,668,000 after purchasing an additional 101,839 shares during the last quarter. Finally, Creative Planning lifted its position in Extra Space Storage by 1.1% in the second quarter. Creative Planning now owns 5,912 shares of the real estate investment trust’s stock valued at $461,000 after purchasing an additional 62 shares during the last quarter.

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.

Analyst Recommendations for Extra Space Storage (NYSE:EXR)

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