Extra Space Storage, Inc. (NYSE:EXR) EVP James Overturf sold 880 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $82.88, for a total transaction of $72,934.40. Following the sale, the executive vice president now directly owns 79,935 shares in the company, valued at $6,625,012.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

James Overturf also recently made the following trade(s):

  • On Wednesday, December 20th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $86.26, for a total transaction of $112,138.00.
  • On Tuesday, November 14th, James Overturf sold 1,300 shares of Extra Space Storage stock. The stock was sold at an average price of $86.55, for a total transaction of $112,515.00.

Shares of Extra Space Storage, Inc. (EXR) opened at $83.64 on Friday. Extra Space Storage, Inc. has a 52-week low of $71.34 and a 52-week high of $88.56. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $10,539.31, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. Extra Space Storage had a net margin of 33.21% and a return on equity of 14.41%. The company had revenue of $284.16 million for the quarter, compared to the consensus estimate of $246.85 million. During the same period in the prior year, the firm posted $1.02 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities research analysts anticipate that Extra Space Storage, Inc. will post 4.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, December 14th. Extra Space Storage’s dividend payout ratio (DPR) is 114.71%.

Extra Space Storage declared that its board has approved a share buyback plan on Monday, November 13th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several brokerages recently weighed in on EXR. Jefferies Group set a $90.00 target price on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Wells Fargo & Co set a $93.00 price objective on shares of Extra Space Storage and gave the company a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Robert W. Baird reissued a “buy” rating and issued a $92.00 price objective on shares of Extra Space Storage in a research report on Wednesday, November 29th. Finally, Cantor Fitzgerald increased their price objective on shares of Extra Space Storage from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $86.42.

Several hedge funds and other institutional investors have recently bought and sold shares of EXR. Federated Investors Inc. PA purchased a new position in shares of Extra Space Storage in the 2nd quarter valued at $218,000. TIAA CREF Investment Management LLC grew its position in shares of Extra Space Storage by 19.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 517,391 shares of the real estate investment trust’s stock valued at $40,356,000 after buying an additional 82,983 shares during the last quarter. Amalgamated Bank grew its position in shares of Extra Space Storage by 54.9% in the 2nd quarter. Amalgamated Bank now owns 14,261 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 5,057 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of Extra Space Storage in the 2nd quarter valued at $741,000. Finally, Profund Advisors LLC grew its position in shares of Extra Space Storage by 21.9% in the 2nd quarter. Profund Advisors LLC now owns 8,003 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 1,437 shares during the last quarter.

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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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