Extra Space Storage (EXR) Sets New 52-Week High and Low at $89.12

Extra Space Storage, Inc. (NYSE:EXR)’s share price reached a new 52-week high and low on Tuesday . The company traded as low as $89.12 and last traded at $88.55, with a volume of 420418 shares trading hands. The stock had previously closed at $87.35.

Several equities analysts recently weighed in on EXR shares. SunTrust Banks restated a “hold” rating and issued a $88.00 price target on shares of Extra Space Storage in a research note on Friday. Zacks Investment Research upgraded Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Tuesday, March 6th. Cantor Fitzgerald set a $86.00 price target on Extra Space Storage and gave the company a “hold” rating in a research note on Thursday, March 8th. Jefferies Group set a $92.00 price target on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets set a $78.00 price target on Extra Space Storage and gave the company a “hold” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Extra Space Storage has an average rating of “Hold” and an average target price of $87.00.

How to Become a New Pot Stock Millionaire

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $10,975.35, a P/E ratio of 20.21, a P/E/G ratio of 3.31 and a beta of 0.21.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.55. The company had revenue of $281.84 million during the quarter, compared to analyst estimates of $283.74 million. Extra Space Storage had a return on equity of 18.87% and a net margin of 44.67%. analysts expect that Extra Space Storage, Inc. will post 4.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Wednesday, March 14th. Extra Space Storage’s dividend payout ratio is currently 71.23%.

In other news, EVP James Overturf sold 880 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $81.62, for a total transaction of $71,825.60. Following the transaction, the executive vice president now directly owns 82,577 shares in the company, valued at approximately $6,739,934.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Diane Olmstead sold 1,436 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.04, for a total value of $124,989.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,300 shares of company stock worth $5,388,931. Insiders own 3.52% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Extra Space Storage by 2.1% in the fourth quarter. BlackRock Inc. now owns 12,555,071 shares of the real estate investment trust’s stock valued at $1,097,941,000 after acquiring an additional 254,959 shares during the last quarter. Deutsche Bank AG lifted its holdings in Extra Space Storage by 2.5% in the fourth quarter. Deutsche Bank AG now owns 2,923,110 shares of the real estate investment trust’s stock valued at $255,617,000 after acquiring an additional 71,286 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Extra Space Storage by 59.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,209,113 shares of the real estate investment trust’s stock valued at $193,186,000 after acquiring an additional 823,278 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Extra Space Storage by 65.4% in the fourth quarter. APG Asset Management N.V. now owns 1,712,948 shares of the real estate investment trust’s stock valued at $124,748,000 after acquiring an additional 677,392 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Extra Space Storage by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,508,360 shares of the real estate investment trust’s stock valued at $131,665,000 after acquiring an additional 59,298 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Extra Space Storage (EXR) Sets New 52-Week High and Low at $89.12” was first reported by Macon Daily and is the property of of Macon Daily. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://macondaily.com/2018/04/17/extra-space-storage-exr-sets-new-52-week-high-and-low-at-89-12.html.

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.

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply